How did the mercantile trading companies make profit primarily by excluding competition? Elaborate the answer
who will be answering I will follow him/her
Answers
Answered by
3
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!!..
Answered by
1
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.
Similar questions