Question

As a merchant of the EEIC, explain how the
royalcharteryour company received in 1600 CE
proved beneficial to it?​

Answer 1

Answer:

Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade. It also traded cotton, silk, indigo, saltpeter, and tea and transported slaves.