give step taken by East India Company to strengthen its power write 3 points
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(i) Monopoly right : Once the East India Company established political power, it asserted a monopoly right to trade
(ii) New system : After establishing monopoly over trade :t proceeded to develop a system of management and control that would eliminate competition, control costs, and ensure regular supplies of cotton and silk goods. This it did through a series of steps.
(iii) Appointing Gomasthas : The Company tried to eliminate the existing traders and brokers connected with the doth trade, and establish a more direct control over the weavers. It appointed a paid secant called the Gomostha to supervise weavers, collect supplies, and examine the quality of cloth.
(ii) New system : After establishing monopoly over trade :t proceeded to develop a system of management and control that would eliminate competition, control costs, and ensure regular supplies of cotton and silk goods. This it did through a series of steps.
(iii) Appointing Gomasthas : The Company tried to eliminate the existing traders and brokers connected with the doth trade, and establish a more direct control over the weavers. It appointed a paid secant called the Gomostha to supervise weavers, collect supplies, and examine the quality of cloth.
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