Complex sentence: The local economy in the Chesapeake and southern colonies was characterized by the headright, the right to receive of land for any immigrant who settled in Virginia or paid for the transportation of an immigrant who settled in Virginia (per head).
Split into simpler sentences: The local economy in the Chesapeake and Southern colonies was characterized by the Headright. The Headright was the right to receive of land for any immigrant who settled in Virginia or paid for the transpiration of an immigrant who settled in Virginia (per head).