Question

IV.Answer the following in brief
1. Which European trading company came to India,but later on established itself in the Far East? Describe its journey.
2. Define mercantilism. What is it based on?

Answer 1

Answer:

1) The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade.

2) Mercantilism was an economic system of trade that spanned from the 16th century to the 18th century. Mercantilism was based on the idea that a nation's wealth and power were best served by increasing exports and so involved increasing trade.

Explanation:

Answer 2

Answer:

Dutch European trading company came to India, but later on established itself in the Far East.