Question

"Once the East India Company established political power, it could assert a monopoly right to trade. It proceeded to develop a system management and control that would eliminate competition, control costs, and ensure regular supply of cotton and silk goods." Discuss the system of management adopted by The East Indian Company have a monopoly on trade in India. How did it affect the weavers?​

Answer 1

Answer:

By establishing political power, the English East India Company could assert the monopoly right to trade. It developed a system of management and control that would eliminate competition with the existing traders. It would also control costs and ensure a regular supply of cotton and silk good

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