Prosperity in the subcontinent attract trading companies of which region?
(a) European (b) Australian (c) Russian (d) None of these
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Answers
Answered by
1
Answer:
answer is A European
Explanation:
because from the beginning all over the world has European Trade companies even India has East India company
Answered by
0
Answer:
The correct option for this question is (a) European.
Explanation:
- In the 18th century, European commerce corporations made their initial forays into India. Portuguese explorer Vasco da Gama was the first European to reach India by direct sea route.
- While travelling back, he brought a valuable cargo with him, which he then sold for a high price on the European market. This was what initially drew European trading firms to India.
- When crossing the oceans, European trading enterprises used to search for new territories that would be advantageous for their commerce.
- These trade businesses sought to acquire items in various countries for extremely low prices, transport those goods to Europe, and then sell them there for astronomical prices.
- When European trading corporations learned about India, they discovered commodities there that they could purchase for less money and sell for a huge profit in Europe.
- India produces high-quality silk and cotton, and Europe is one of their biggest markets. Because the trading businesses would buy the cotton and silk in India at lower prices and sell the same in Europe at higher prices, the fine qualities of silk and cotton produced in India attracted these European trading companies to a considerable extent.
Thus, the above are the main factors that drew European trading enterprises to India.
To know what attracted the European trading to settle in India, click on the below link
https://brainly.in/question/1227870
To know on the European model of corporate governance, click on the below link
https://brainly.in/question/9159373
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