Question

Explain the role of guild in the production process of goods???

Answer 1

Determining the training an apprentice should receive. Regulating prices and competition. Organizing religious festivals and banquets. Protecting a member's interest against outsiders.

Answer 2

Answer:

Guilds were powerful associations of producers that trained craftspeople, maintained control over production, regulated competition and prices, and restricted the entry of new people into the trade. They had been granted the monopoly right to produce and trade in specific products by the rulers.