What was the new France economy based on?

Answer 1

The New France economy was primarily based on the fur trade, which became the cornerstone of its economic activity during the 17th and 18th centuries. French settlers, known as habitants, engaged in trapping beavers and other fur-bearing animals, trading these pelts with Indigenous peoples and European markets. Agriculture also played a role, with settlers cultivating crops like wheat, but the fur trade remained the dominant economic force. Additionally, fishing and timber extraction contributed to the economy, supporting both local needs and export demands.