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According to Adam Smith, why were mercantilist policies that limited trade
unwise?

Sagot :

Akanksha49idn

Answer:

According to Adam Smith, mercantilist policies that limited trade prevented the expansion of trade with other countries. ... Otherwise, mercantilist policies limit trade and don't allow its expansion abroad. Protectionism limited production and was a way to promote monopolies. If this happened, competition suffered.

Explanation:

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