Q13 of 25 Page 1

How were capitalism and colonialism linked?

The term Capitalism refers to the economic system established just to make a maximum profit through trade and industry whereas the term colonialism refers to the establishing political control over the area or state in order to rule and exploit it economically.

Thus, human tries to extend its political control to acquire one’s territory with the mindset to generate wealth through trade and by exploiting its natural resources. Thus, Capitalism and Colonialism are linked to each other.


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