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OleMash [197]
3 years ago
11

Why was the economic system of mercantilism challenged by Adam Smith and other Enlightenment advocates?​

History
1 answer:
amid [387]3 years ago
7 0

Answer: Smith made a number of important criticisms of mercantilist doctrine. First, he demonstrated that trade, when freely initiated, benefits both parties.

Explanation: because  Second, he argued that specialization in production allows for economies of scale, which improves efficiency and growth.

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