Question

explain the meaning of trade monopoly on 17th and 18th century in Europe with suitable example​

Answer 1

Answer:

yffrggfHhhgfhhfcghgxf

Answer 2

Trade monopoly

Explanation:

• French were the merchants who gave monopoly over trade in Europe.
• Due to trading activities of the various European companies , India had commercial relations with the western countries.
• It is a practice in which a country develops a system of management and control, eliminating competition.
• For example, British colonisers used to monopolise products such as silk cotton in India.
• The establishment of a monopoly on the delivery, sale and production  of colonial goods brought huge profits to the companies.