How did industrial revolution in england effect indian economy?
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Industrial revolution in England affected India's economy after the East India Company established political power. It asserted a monopoly right to trade. It proceeded to develop a system of management and control that would eliminate competition, control costs, and ensure regular supplies of cotton and silk goods.
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♥ Industrial revolution in England affected India's economy after the East India Company established political power .
♥ It asserted a monopoly right to trade .
♥ It proceeded to develop a system of management and control that would :-
- Eliminate competition
- Control costs
- Ensure regular supplies of cotton and
silk goods
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