What influence did the Great Geographical Discoveries have on the economic life of Europe?

At the end of the 15th century, the Age of Great Discoveries in geography began. It brought a lot of material and human resources to the European continent, which radically changed the economic activity in Europe. Many new crops have penetrated from the American continents into the Old World. Among them are corn, maize, potatoes, tomatoes, cocoa beans, cane sugar. All this changed agriculture for the better, though not immediately, but gradually. Also, a large amount of precious metals influenced the price revolution.