analyse the role of trade guilds under proto industrialization
in brief
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An association of persons of the same trade or pursuits, formed to protect mutual interests and maintain standards. b. A similar association, as of merchants or artisans, in medieval times.
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guilders were association of merchants who controlled the practice of trade in a particular city. They were very powerful and granted monopoly rights by trader to trade in specific product.They themselves trained the people in trade or craft.They regulated competition and restricted the entry of new member in trade.
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