Question

Explain any 3 major problem faced by the new european merchants in setting up their industries in town before the industrial revolution.

Answer 1

the urban club and trade guilds well powerful these were Association of producers the train craft people and maintain control over production

Answer 2

New European merchants faced problems in setting up their industries in towns for three major

reasons :

(i) The urban crafts and trade guilds were powerful. These were associations of producers

that trained craftspeople and maintained control over production.

(ii) They regulated competition and prices and restricted the entry of new people into the trade.

(iii) Rulers granted different guilds monopoly right to produce and trade in specific products.