Elaborate the meaning
Urban crafts and trade guilds
Answers
Urban crafts and trade guilds were association of merchants/craftsmen established for protection and mutual assistance and for the preserving and bettering their professional interests
EXPLANATION:
Guilds executed a wide-range of essential functions within the local economy. They created a trade monopoly within their locality or within a specific branch of commerce/industry and restrained the entry of new people to the trade; they set and upheld standards for the good's quality and the trading practices’ integrity within that industry; they worked to sustain and regulate prices and competition for their commodities and goods; and they sought to control city or town govt. to better the interests of the guild members and accomplish their economic objectives.
To know more
Who were the urban crafts and trade guilds
https://brainly.in/question/9363763
What are urban crafts?
https://brainly.in/question/10589255
Hi buddy
Here is your answer
☑️ Urban crafts and trade guilds were association of merchants/craftsmen established for protection and mutual assistance and for the preserving and bettering their professional interests
Hope its help
Please mark me
#sibi ❤️