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Although a profitable surplus of products was maintained, money was as scarce in the colonies as it was in England. Whenever gold or silver was earned from exported products, it had to be sent to England to pay debts or to import needed goods. The colonists, therefore, usually bartered products or services for the things they could not produce themselves.
What else can I help you with?
Why was money scarce when crops produced good profit?
Although a profitable surplus of products was maintained, money was as scarce in the colonies as it was in England. Whenever gold or silver was earned from exported products, it had to be sent to England to pay debts or to import needed goods. The colonists, therefore, usually bartered products or services for the things they could not produce themselves.
What people in the middle colony do to make money?
they farmed and fish i guess Because of the excellent soil, the farmers could grow tons of crops. the excess crops they grew, they sold for profit (cash crops).
What is the step to increase gross profit of a company?
There are various steps to increase the gross profit. You have to increase the efficiency of the workers. The waste produced must be recycled to save money.
Why might Africa want to raise cash crops?
The advantage of exporting crops for money is that you can then use the money to buy imports, and there are always things produced in other countries that are worth importing. No country is completely self-sufficient in all products.
How do you put savings and scarce in a single sentence?
When money is scarce, you may need to use some of your savings.
Crops that are sold for money on world markets?
Crops that are sold for money on world markets are called cash crops.
Money that is not freely and abundantly available is said to be?
Scarce
How can virtual money be made on the Facebook game Farm Town?
The currency is acquired by planting crops and harvesting them when they are fully grown. Another way to generate money is to buy and sell animals for a profit, though this is a bit riskier.
How do you put savings and scarce in a sentence?
When money is scarce, you may need to use some of your savings.
Can a nonprofit give money to a for profit organization?
Can a nonprofit foundation give money to a for profit organization
What is another word for money earned for a job?
A synonym for 'money earned' is salary or profit.
How did the Pennsylvania colony make money?
They traded and grew cash crops (crops that were sold for money).
