With the abandonment of mercantilism and the grant of oversea state trading monopolies, paternalism gave way to private enterprise.
With the abandonment of mercantilism and the grant of oversea state trading monopolies, paternalism gave way to private enterprise.
参考译文：放弃重商主义，赋予海外贸易的国家垄断权，家长式的管理便让位给了私人企业。