Early european colonies in north america focused on producing what commodity? a. silk b. fur c. silver d. gold

The correct answer is option "B": Early European colonies in North America focused on producing fur.

Fur trade which involves the industry as well as the activities concerned with the acquisition, trade, exchange, and sale of animal furs, became one of the main economic activities in North America colonies. Before European colonies in North America began participating in fur trading, aboriginal people in Canada as well as Native Americans in the US traded among themselves. The first firms to participate in fur trading in the US were the French, followed by the Dutch and then the English. As a result, transatlantic trade emerged involving a market of two sides: the fur supply side in North America and the demand side in Europe. The animals were trapped and exchanged for goods in North America colonies; then the furs were transported to Europe for processing and sale.

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