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Which product was the most important colonial export in the British trans-Atlantic trade?
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The primary source of wealth in colonial Virginia came from were?
Agriculture was the main source of wealth for colonial Virginia. Specifically, tobacco was the most profitable product at the time.
What is an important part of the total product offer for a product?
packaging...
Explain why elasticity of demand is such an important concept to marketers who sell a commodity product?
Elasticity of demand is important to marketers because it helps them know the optimal price for the product. When a product is priced too high, the consumers may opt for a competitor's product.
What are the policies of Mercantilism?
The Navigation Acts were an attempt to put the theory of Mercantilism into practice in the British colonies. The object of mercantilism was to minimize imports that cost the nation money, and maximize exports that made the nation money. Colonies were a means of reducing England's dependence on foreign nations. Each colony would provide a raw material to England and this would allow the nation to not have to purchase that product from another nation. By establishing colonies loyal to the Crown, Great Britain would be expanding a dependable market for the finished products coming out of British industries. The Navigation Acts required that all colonial trade be carried in vessels built and owned by English or colonial merchants. The ships had to be manned by crews composed of British seamen. The Acts also required that European nations must sell products to the colonies by first stoping at English ports where they would have to pay a customs duty (tax). The products were checked and then were permitted to travel to the colonies. All products had to go through these ports controlled by England. This made the cost of the product more expensive but protected the trade of Great Britain. Certain materials from the colonies could only be shipped in British or colonial ships and had to be sent to England first. The product was then taxed and allowed to be sent to its destination in whatever European nation. Colonial products could not be shipped directly to any foreign nation.
What is one important product for an industrialized country?
Let's go with the basics. Water is important.
Which product was the most important colonial export in the British transatlantic trade?
Tobacco
Which is the best Atlantic crossing British airways or American airways?
This is a matter of opinion and subjective. They both offer quite a good transatlantic product.
The most important product of the British French and Portuguese empires was?
rum.
What was the colonial response to The Intolerable Acts?
The colonists began finding product through black market connections, they boycotted items such as tea, and did everything possible so they would not be required to buy product from British traders.
What were the colonial boycotts?
it is where the colonists go against a taxed product. Boycotts occurred in different years, about taxes on different products because the British continually added new taxes on different items. One colonial boycott was in 1765, when the British proposed taxes on many products. Another boycott was the Townsend Act in 1767. And another was The Boston Tea Party.
What product was not taxed by the British?
it is silk that was not taxed by the british
A colonial product that could only be shipped to England?
Enumerated commodity
What is the tax levied on a crop or product called in colonial times?
Duty
What was the colonial product that could only be shipped to England?
enumerated commodity
Is apple mac a British product?
no
Product taxed by the townshend acts that generated the greatest colonial resistance?
tea
What were three ways the navigation acts limitited colonial trade?
The Navigation Acts required that all colonial trade be carried in vessels built and owned by English or colonial merchants. The ships had to be manned by crews composed of British seamen. The Acts also required that European nations must sell products to the colonies by first stoping at English ports where they would have to pay a customs duty (tax). The products were checked and then were permitted to travel to the colonies. All products had to go through these ports controlled by England. This made the cost of the product more expensive but protected the trade of Great Britain. Certain materials from the colonies could only be shipped in British or colonial ships and had to be sent to England first. The product was then taxed and allowed to be sent to its destination in whatever European nation. Colonial products could not be shipped directly to any foreign nation.
