Question

How did the mercantile trading companies make profit primarily by excluding competition? Elaborate the answer


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Answer 1

Answer:

Hi, This side Upasana....

Mercantile trading companies in those days made profit primarily by excluding competition, so that they could buy cheap and sell dear. ... Mercantile – A business enterprise that makes profit primarily through trade, buying goods cheap and selling them at higher prices 2020-21 Page 3 11 goods....

Hope this will help you!!..

Answer 2

Answer:

Mercantile trading companies in those days made profit primarily by excluding competition, so that they could cheap & sell.

Mercantile - A business enterprise that makes profit primarily through trade , buying goods cheap & selling them at higher prices.