Since they produced inferior quality steel, this is a failure. Therefore, this means that the Chinese government failed to invest in industrialization.
P.S. Having been to China a few months ago, they don't have backyard furnaces anymore :)
Mercantilism created competition between companies, states, and countries. My teacher once gave me the example of a tree cutter making tables. It was about who makes the most profit.
Freedom of speech (i don't know whats your question exactly).
hope this helps :)
Ronald Reagan was elected president in 1981.
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