History of Economic Ideas
Colonization refers to the process by which a country establishes control over a foreign territory, often involving the settlement of its population and the exploitation of local resources. This practice was driven by economic interests, including the pursuit of new markets and resources, and had profound impacts on both the colonizers and the indigenous populations. The economic practices and ideas during colonization often revolved around the extraction of wealth and the establishment of trade networks that benefited the colonizing power.
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