Question

According to Adam smith why were mercantilist policies that limited trade unwise

Answer 1

Answer:

Adam Smith believed that limitations on trade were misconceived and misplaced. Contrary to the mercantilist view that a state must strengthen its economy and augment its power at the expense of others, Smith argued that trade was mutually beneficial, there was no difference between domestic and foreign trade, and that the accummulation of money and metals made no sense, they were just another commodity.

Explanation: