4. Why was there an intense rivalry among the different European trading companies
Answers
Answer:
there was an intense rivalry among trading companies of different european companies because every european company wanted to buy products from india at a cheap rate and sell them in their country at a higher price .
Answer:
There was an intense rivalry among trading companies of different European companies because every European company wanted to buy products from India at a cheap rate and sell them in their country at a higher price.
DEEP Explanation:
The amount of trade was not sufficient to sustain all the companies.
There was a competition to make more profit.
In order to gain more trade and facilities they had to gain political control over the seas.
Which company started building its army to protect its interest in India which led to many wars.
The presence of numerous trading companies vying for goods such as species, cotton, silk, indigo, saltpetre, and so on, led to intense rivalry among them. They wanted to buy these goods at low prices in India and sell them at very high prices elsewhere, particularly in Europe.
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