The social and economic system which can be applied to both spanish haciendas and the plantations of the british southern colonies can be considered a. pluralism b. plutocracy c. paranoia d. paternalism e. pastoralism

Plutocracy refers to a kind of economic system where the seat of power or control rests on the rich. The owners of haciendas and plantations rule the workers and the people who depend on them for daily survival. Wealth elevates the individuals or nations to power over the poor whose tasks are limited to serving their rich masters.

interdependence is when all participating groups and individuals depend on each other. if you depend on one anothers goods, you end up trading in order to get the items you're looking for. (for ex: if i have food and you have water, we trade in order to depend on each other to live)

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