What is colonization and give five of its economic effects?

Effects of Colonization

Explanation:

The colonization is the political dominance of imperial power over weak nations for economic gains. It is the subjugation of indigenous people by the European countries like UK, France and Spain. Following are the five major economic effects:

a. drain of the wealth of the colonized countries

b. expropriation of land

c. control over agriculture and industry

d. the exploitation of natural resources

e. home charge