explain 3 economic benefits of slave trade?

While there were no actual economic benefits of the slave trade itself, there were benefits to the economies of the slave-trading nations.

•The slave trade stimulated the growth of the shipping industry and other sectors of the economy involved in the trade, such as shipbuilding, insurance and finance.
•The slave trade provided a source of cheap labor for plantations and other businesses in the Americas.
•The slave trade helped to increase the demand for European goods in Africa, which benefited European manufacturers and merchants.