This new economic system based on private ownership of businesses and investment of money, is going to grow out of Exploration?

Answer 1

It is possible that private ownership of businesses and investment of money could play a role in the growth of an economic system arising from exploration. Exploration often leads to the discovery of new resources, territories, or markets, which can create opportunities for entrepreneurs and investors. These individuals may see potential in developing businesses that can exploit these new discoveries, such as setting up trade routes, establishing colonies, or extracting natural resources. Through the investment of money and the development of private enterprises, an economic system can emerge and grow, potentially leading to increased trade, wealth creation, and economic development. However, it is important to note that the development of an economic system is influenced by various factors, such as political dynamics, technological advancements, and social structures, which can all shape the outcome in different ways.