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About: Economic history of Mexico     Goto   Sponge   NotDistinct   Permalink

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Since the colonial era, Mexico's economic history has been characterized by resource extraction, agriculture, and a relatively underdeveloped industrial sector. Economic elites in the colonial period were predominantly Spanish-born, active as transatlantic merchants and mine owners, and diversifying their investments with the landed estates. The largest population sector was indigenous subsistence farmers, which predominantly inhabited the center and south.