Question

Explain the role of trade guilds in the production process of crafts

Answer 1

Answer:

(i) In seventeenth and eighteenth centuries the, trade guilds were powerful.

(ii) Trade guilds were the association of producers that trained craftsmen, maintained control over production, regulated competition and prices and restricted the entry of new people into the trade.

(iii) They often had monopoly right to trade and produce a specific craft.

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Answer 2

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.