Question

Q8.Which of the following statements is not correct about Mercantile Traders? *

1 गुण

Mercantile traders make profit primarily through trade, buying goods dear and selling them at cheaper prices.

Mercantile trading companies in those days made profit primarily by excluding competition, so that they could buy cheap and sell dear.

The only way the trading companies could flourish was by eliminating rival competitors.

They regularly sank each other’s ships, blockaded routes, and prevented rival ships from moving with supplies of goods.​

Answer 1

Answer:

Option B is correct :

Mercantile trading companies in those days made profit primarily by excluding competition, so that they could buy cheap and sell dear.