Business Studies, asked by narayanaraopkl9216, 1 year ago

How did the east india company solve its problem of payments regarding tea trade from china?

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Answered by selangovan742

Answer:

Explanation: hi

Britain was simply dumping its silver into China, creating a serious balance of payments problem. Trade drugs for drugs—specifically, the caffeine fix in tea for the poppies that grow abundantly on the Afghanistan-Pakistan border, which at the time was part of the British empire.

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