Question

Tell me about Guilds and Trade.....
Don't copy it from Google ❌​

Answer 1

Answer:

Guilds were powerful associations of producers that trained craftspeople, maintained control over production, regulated competition and prices, and restricted the entry of new people into the trade. They had been granted the monopoly right to produce and trade in specific products by the rulers.

Explanation:

Answer 2

• Traders of the past decided to form a group to negotiate with rulers. Such groups were called Guilds.

• A large group of people travelling together were called Caravans.

• Traders operated in markets situated within Indian subcontinent and overseas as well. Kabul was an important trading hub in 16th century.

• Manigraman and Nanadesi were two famous Guilds that operated in South India.

Hope it helps you....