How did exploration led to the growth and development of capitalism a market economy cottage industry and mercantilism?

Exploration expanded trade routes and opened new markets, facilitating the exchange of goods and resources between Europe and the rest of the world. This influx of wealth and commodities fueled the growth of capitalism, as European nations sought to invest in and profit from overseas ventures. Additionally, the establishment of cottage industries allowed for increased production at home, while mercantilism emphasized the accumulation of wealth through trade surpluses and colonial expansion. Together, these factors contributed to the development of a more interconnected global economy.