Question

2. What were factories? Why were they called so?
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Answer 1

Answer:

The trading centres set up by the European companies were known as factories. There were called factories not because anything was manufactured there but because the officials of the companies were called factors.

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Answer 2

Answer:

The trading centres set up by the European companies were known as factories. There were called factories not because anything was manufactured there but because the officials of the companies were called factors.

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