Define the word factory in the context to British East India Company
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The meaning of factory in the context of the English East India Company refers to trading stations or posts set up by the company at various places. ... The factories were run by factors or trading agents or a council of factors, who would negotiate with the local merchants for sale and procurement of goods.
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Explanation: The meaning of factory in the context of the English East India Company refers to trading stations or posts set up by the company at various places. ... The factories were run by factors or trading agents or a council of factors, who would negotiate with the local merchants for sale and procurement of goods.
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