Which economic theory guided the functioning of EEIC
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The Economy of India under Company rule describes the economy of those regions (contemporaneously British India) that fell under Company rule in India during the years 1757 to 1858.
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The origin of EEIC and its powers lay in the economic theory of mercantilism popular in Europe at that time. According to the theory, the prosperity of a country depends on its capability to produce more than it consumes and export more than it imports in order to maintain a positive balance of trade.
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