How Is Colonialism Distinct from Other Trade Relations

question 20

Multiple Choice

How is colonialism distinct from other trade relations?

• A)Colonies had more resources available for trade than non-colonized areas.
• B)Colonies were actively possessed by other countries for economic and political advantages.
• C)Colonies are not autonomous political entities.They rely on neighboring countries and the world economic market for survival.
• D)Colonialism involves balanced reciprocity between countries.The mother country and the native country share their resources.
• E)Colonialism involves the possession of countries by Europe or the United States.

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Definitions:

Rent Revenue

Money received for rent.

Purchases Discounts

Reductions in price given by suppliers to businesses when they buy goods or services, often provided for early payment.

Freight In

The cost associated with the transportation of goods or materials into a business, typically considered part of the cost of goods sold.

Gross Profit

The difference between revenue and the cost of goods sold before accounting for certain other costs.