Question

How did the British East India Company benefit by the Charter of ‘Sole Right of Trade with East’? elaborate.​

Answer 1

Answer:

In 1600, the East India Company acquired a charter from the ruler of England, Queen Elizabeth I, granting it the sole right to trade with the East. ... Mercantile trading companies in those days made profit primarily by excluding competition, so that they could buy cheap and sell dear.

Explanation:

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