Explain the role of Indian merchant and bankers in the network of export trade.
Answers
Answered by
1
Answer:
Indian merchants and bankers were involved in the network of export trade by financing production, carrying goods and supplying exporters. Supply merchants linked the port towns to the inland regions. They gave advances to weavers, procured the woven cloth from weaving villages, and carried the supply to the ports.......
.........................
Answered by
1
Answer:
European trading companies gained power. First, they acquired trading concessions from local rulers, the monopolized rights to trade.
Similar questions