How did the East India company ensure a regular supply of goods for export?
Answers
Answered by
8
The East India Company established political power to assert their monopoly right to trade. The Company tried to eliminate the existing traders and brokers connected with the cloth trade and establish a more direct control over the weavers.
Answered by
9
The East India Company followed few methods to make sure they had a regular supply of goods such as silk and cotton textiles for exporting purpose.
- With political power, it involved in monopolistic trade (i.e.) single seller market with no competition.
- Dedicated supervisors were appointed to check the quality of the product.
- The company involved in direct relationship with weavers without any intermediate brokers. Also, they did not allow weavers to get in touch with buyers.
Hope it helps. Thanks!
Similar questions