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A system where trade is controlled by a bigger country is often referred to as a "colonial economy" or "imperial trade system." In this arrangement, the dominant country exerts control over the trade policies and economic activities of smaller, dependent regions or nations, typically extracting resources and agricultural products for its own benefit. This can lead to economic exploitation and limited development for the subordinate areas, as their economies are structured primarily to serve the interests of the larger power. Historical examples include European colonial empires where colonies were restricted to trading only with the mother country.

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1d ago

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