What is the Economic purpose of the Triangle Trade?

Question

I know what the Triangle Trade is, but i don't know how to explain the economic Purpose of it? help please.

Answer 1

The economic purpose was simply commerce (making money).  Merchants made fortunes trading the raw goods and then selling finished goods back the the colonies.

Answer 2

(Economic purpose)

The trade evolved where a region had an export commodity that was not required in the region from which its major imports came. Triangular trade thus provided a mechanism for rectifying trade imbalances.

(Emerging)

Triangle (Triangular) trade is a historical term indicating trade between three ports or regions.

The most famous triangular trade in human history was the 18th century trade between West Africa, the West Indies, and Europe (alternatively: West Africa, the West Indies, and northern colonies in British North America). Of these, the sea lane west from Africa was the notorious Middle Passage; its cargo, abducted or recently purchased African slaves.