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What basic economic concept does European exploration and colonization of many areas of the world represent? A) Money Supply B) Barter System C) Supply and Demand D) Agriculture Production
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What basic economic concept does European exploration and colonization of many areas of the world represent?

A) Money Supply
B) Barter System
C) Supply and Demand
D) Agriculture Production

User Stephen C
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2 Answers

2 votes

Answer:

C) Supply and Demand

Step-by-step explanation:

European exploration and colonization represent the basic economic concept of supply and demand. Europeans needed a supply of raw

materials and new markets to demand European finished goods.

User James Wood
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5 votes

Answer:

The answer is C. Supply on demand

Step-by-step explanation:

User Slowik
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