Question

Business= ??

Industry+Commerce


Industry+Trade


Trade+Commerce


Trade+ Aid to Trade​

Answer 1

Answer:

Trade+ Aid to Trade is your best choice

Answer 2

Change in the Pattern of Trade and Commerce

The English East India Company, in their initial days, bought their ware from the local market so the artisans benefited. But in the eighteenth century, the pattern of trade underwent a drastic change. With the advent of the Industrial Revolution in England, many new industries came up which started manufacturing on a large scale. These products needed new markets for the goods to be sold. So India was reduced to a raw material producing country. Raw material from India was exported and the goods which were made out of these materials were sold back in India. So the British traders made enormous profits in this two- way trade, all at the expense of the Indians.