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Review Theme 4 (ECON) - Economic Systems for your test on Subject Guides. For students taking AP World History: Modern.
Study with Quizlet and memorize flashcards containing terms like What is a joint-stock company?, How did Europeans measure wealth?, What was the goal of new economic strategies? and more.
• European extraction economies, such as mining operations in Africa, developed. • European nations competed with one another for influence and territory in Africa and Asia.
Study with Quizlet and memorize flashcards containing terms like what were the political and economic reasons for exploration?, why did italian cities have a monopoly on trade of asian goods in europe?, who is credited with discovering the "new world"? and more.
Download free-response questions from past AP World History exams, along with scoring guidelines, sample responses from exam takers, and scoring distributions.
definition: an economic system in which the means of production, such as factories and natural resources, are privately owned and are operated for profit. significance: income disrupted largely through the operation of markets.
Study guides with what you need to know for your class on AP World History: Modern. Ace your next test.
