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What factors explain the rapid conquest of Middle and South America by Spain and Portugal?
Price Supports
The term used to refer to price floors applied to farm commodities; the minimum price that the government allows farmers to receive for farm commodities like wheat or corn.
Economic Growth
An increase in the value of goods and services produced by an economy over time, typically measured as the percentage increase in real gross domestic product (GDP).
Capital Goods
Assets used by businesses to produce goods and services, such as machinery, buildings, and equipment, not intended for immediate sale but for productive use over time.
Population Growth
The increase in the number of individuals in a population, often measured by the rate at which the number of individuals increases in a specific time period, usually expressed as a percentage.
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