Question

what are the trades guilds? how they control industrial production? ​

Answer 1

Explanation:

A guild is an association of artisans or merchants who oversee the practice of their craft/trade in a particular area. The earliest types of guild formed as a confraternities of tradesmen. They were organized in a manner something between a professional association, a trade union, a cartel, and a secret soiety.

Guilds were powerful associations of producers that trained crafts people, 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.

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