History, asked by shambhuc685, 2 days ago

Explain the theory and practice of mercantilism. how did it help in colonization of India

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Answered by AngelPurswani

4

Answer:

The theory of mercantilism is that the economic strength of a country lies in the trade surplus it accumulates. ... Mercantilism led to the colonization of India because the East India Company was created through the monopoly that the British government gave to a group of traders to trade in India

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