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The economy of colonial Pennsylvania was a very successful one. Because of the fertile land in the state, many crops were farmed and were used for food exportation. This brought in a good amount of money for the people of the state.

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What is the verb form of the word economy?

The verb form of economy is "economise".


With which form of economy is the term laissez faire associated?

Capitalist economy


How would you describe the colonial economy?

Colonial economy was about all activities that ensured continued supply of raw materials and profit gaining from the colonies mushrooming industries. Colonial economy involved agriculture, mining, trade, infrastructures, fishing and transport. To maximize the profit and to be ensured that they succeed their mission in agriculture, colonialist introduced new things to improve the production. These include settler economy, plantation economy, peasant economy, migrant labour and cash crop production. They decided to maintain peasant to get more profit. They introduced cash crops because raw materials were need in their industries. Cash crops introduced were sisal, rubber, coffee, tea and cotton. To ensure continued supply of raw material to their mushrooming industries in Europe, they opened plantations and estates in Zanzibar and some parts in Tanganyika. The grown cash crops included sisal, clove plantation, coconuts and cashewnuts. Settler economy was rampant in all areas where the soil was fertile and good climate to stay. They established settlements in in Kenya, Zimbabwe, Zambia and South Africa. Also in East Africa they settled in highland regions like Kilimanjaro, Iringa and Mbeya. They established infrastructures from the port to the interior where agriculture and mining activities were taking place. The building of Mombasa to Uganda railway and Dar es Salaam to Kigoma is a good example. In South African they exploited gold and diamond from Kimberley and Transvaal. Irrigation activities took place along the Nile River. Money economy was introduced to maximize profit and also to utilize effectively migrant labour who were selling their labour forces in plantations and estates. Taxation and land alienation was introduced to exploit African and the same time to force them comply with colonialists needs. In order to get money African were supported to sell their work forced in plantations and estates. Migrant labour was preferred because of less resistance. Migrant labour were taken from far away and they were very few in number hence it rendered them very difficult to organize themselves and form strikes.


In what form of economy do consumers help to determine the distribution of goods?

Market Economy


What is a pure free market economy?

A pure free market economy is an economy in which there is no no form of external control or manupulations.In this economy de legisltion of the goverment is at its minimum