Why did the Virginia Company encourage people to settle in the American colonies?

The Virginia Company of London was a joint-stock company chartered by King James I in 1606 to establish a colony in North America. Such a venture allowed the Crown to reap the benefits of colonization—natural resources, new markets for English goods, leverage against the Spanish—without bearing the costs.

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a plantation economy is an economy based on agricultural mass production, usually of a few commodity crops grown on large farms called plantations. plantation economies rely on the export of cash crops as a source of income.

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