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Explain how the Mercantile Doctrine is self defeating?

1 answer:

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In Europe, academic belief in mercantilism began to fade in the late-18th century after the East India Company annexed the Mughal Bengal, a major trading nation, and the establishment of the British India through the activities of the East India Company, in light of the arguments of Adam Smith (1723–1790)

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Explain how the Mercantile Doctrine is self defeating?​

Explain how the Mercantile Doctrine is self defeating?