Question

How the ‘sole right to trade’ charter benefitted East India Company?​

Answer 1

Explanation:

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, without competition from other British traders. ... As competition grew, profits fell, and the European trading companies started building forts and fighting each other.

Answer 2

Answer:

in 1600, the East India company acquired a charter from the ruler of England, Queen Elizabeth I, granted it the solve right to trade with the east without competition from other British traders.

Explanation:

I hope you understand