Final answer:
The colonists in the New World transferred the risks associated with the trade industry to England in order to focus on farming and other profitable activities.
Step-by-step explanation:
The colonial economies in the New World were driven by the mercantilist system, which sought to obtain a favorable balance of trade for the mother country, such as England. This meant that the colonies provided raw materials such as food, lumber, and tobacco at a lower cost, which England then used to manufacture goods and sell them back to the colonies at higher prices. This transfer of risks associated with the trade industry was important to the colonists because it allowed them to focus on farming and other profitable activities while England bore the risks and costs of manufacturing and trade.