Unit 3 terms:
exploration – traveling to new territories for the purpose of discovery
colony – a settlement ruled by a distant country
migration – movement from one region to another
mercantilism – economic policy where colonies serve as a source of raw materials to increase the wealth and maintain a favorable balance of trade for the “mother” country
free enterprise system – market system where people have freedom as consumers and producers
cash crop – a crop that is sold for money
representative government – political system where policies are created by representatives selected by the people
monarchy – a government where the ruler inherits the leadership role
industry – economic activity that involves the making of a particular product