Until the 18th century, which two countries were considered the richest in the world?

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China and Japan

England and France

India and China

England and Italy

answer is C.

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Detailed Solution

Until the 18th century, India and China were considered the richest in the world.
The geographical location proved to be an advantage for the Indian subcontinent. Moreover, the vast coastline of India was also favourable for trade with other countries. India is centrally located in West Asia and South-East Asia. The silk route and the routes through the Indian Ocean have contributed to the exchange of ideas and commodities since ancient times. There was an absence of industries in India, but it provided raw materials to European countries. The items like spices, silk, pottery and minerals to other countries have been exported by India and China worldwide. Thus in the 18th century, India and China were the two wealthiest countries in the world.

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