Question

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

Answer 1

the Industrial Revolution. the age of industrialisation ... New European merchants faced problems in setting up their industries in towns for three major reasons :

Answer 2

They could create money problems for the merchants in their town (iii) Rulers had granted different guilds and the monopoly rights to produce and trade in specific products. So merchants were handicapped in towns. (iv) Guilds regulated competition and prices