Plantation economies were primarily based on the large-scale agricultural production of cash crops, such as sugar, tobacco, cotton, and coffee. These economies relied heavily on the labor of enslaved people, particularly in the Americas and the Caribbean, where the demand for these crops drove the establishment of plantations. The profits generated from these crops fueled economic growth and trade but also supported the brutal system of slavery that underpinned the plantation system. Additionally, plantation economies were often characterized by monoculture, where a single crop dominated the agricultural landscape.
Economies of most, but not all, cultures are based on some type of currency (money). Economies could also be based on barter, gold, etc.
They used a slave-plantation system, in which slaves were responsible for labor to produce crops; crops fueled their economies.
By not having a government based on Religion has improved their economies of North Africa and the other countries that are there.
private enterprise systems
It is an economy based on a single crop, such as bananas or cacao.
the southern colonies
based on slave labor fmot&Ig @AmerisLove
Economies of most, but not all, cultures are based on some type of currency (money). Economies could also be based on barter, gold, etc.
They used a slave-plantation system, in which slaves were responsible for labor to produce crops; crops fueled their economies.
Europe started to develop economies based slavery in the late 15th century.
There are several countries that have a market based economies. France and England are two countries that have this type of economy.
The two most widespread economies in the Middle East are oil-based economies and service-based economies. Oil-producing countries heavily rely on revenues from oil exports, while service-based economies focus on sectors like tourism, finance, and real estate. Both types of economies play a significant role in the overall economic landscape of the region.
agriculture
The economy of the Middle Colonies was not characterized by plantation agriculture. The Southern Colonies had an economy based on plantation agriculture.
the military
technology industries
the economies of southern colonies featured a plantation system rather than small farms