What were the major discoveries made during the Age of Exploration in the field of economics?

Exploration And Discoveries Questions



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What were the major discoveries made during the Age of Exploration in the field of economics?

During the Age of Exploration, major discoveries were made in the field of economics, including the discovery of new trade routes, the establishment of colonies, the introduction of new goods and resources, and the development of global trade networks. These discoveries led to the expansion of international trade, the growth of mercantilism, the rise of capitalism, and the accumulation of wealth for European nations.