Fiveable
Fiveable

Primary Economic Driver

Definition

A primary economic driver is the key factor or force that primarily influences and shapes an economy. It refers to the main activity, industry, or resource that generates significant income, employment, and economic growth.

Related terms

Mercantilism: Mercantilism was an economic system in which nations sought to increase their wealth by exporting more than they imported and accumulating precious metals.

Cash Crop: Cash crops are agricultural products that are grown specifically for sale rather than personal consumption. They often generate significant profits for farmers or plantation owners.

Trade: Trade involves the buying, selling, or exchange of goods or services between individuals, regions, or countries. It plays a crucial role in promoting economic growth and cultural exchange.

"Primary Economic Driver" appears in:

Practice Questions (1)

  • What was a primary economic driver for English colonization in North America during the late sixteenth and early seventeenth centuries?

collegeable - rocket pep

Are you a college student?

  • Study guides for the entire semester

  • 200k practice questions

  • Glossary of 50k key terms - memorize important vocab


Fiveable
About Us

About Fiveable

Blog

Careers

Code of Conduct

Terms of Use

Privacy Policy

CCPA Privacy Policy

Resources

Cram Mode

AP Score Calculators

Study Guides

Practice Quizzes

Glossary

Cram Events

Merch Shop

Crisis Text Line

Help Center

Stay Connected


© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.

About Us

About Fiveable

Blog

Careers

Code of Conduct

Terms of Use

Privacy Policy

CCPA Privacy Policy

Resources

Cram Mode

AP Score Calculators

Study Guides

Practice Quizzes

Glossary

Cram Events

Merch Shop

Crisis Text Line

Help Center

© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.