Question

What do you mean by guild system?​

Answer 1

Answer:

an organisation of persons with related interested , goal etc. specially one formed for mutal aid or protection .

please mark as brainliest answer and follow me

Answer 2

Answer:

The Guilds were the group of association of experts in different occupational sectors. There were two kind of Guilds

• Merchant guilds
• Craft guilds

_________________________________________________

• The rapid increase of trade
• The formation of specific occupational sector
• The necessity to withstand the excessive taxation and exploitation
• The sense of organization

led to the formation of guild system

________________________________________________

• Foster mutual help and co-operation
• To maintain the monopoly of markets
• The attainment of economic stability

Were the aims of guilds.

_________________________________________________

• Determining working hours
• Division of labour
• maintaining the quality of product
• Determining the mode of sale
• Fixing of prices
• Framing labour laws

these were the responsibilities of guilds

_____________________________________________

Industrialisation, growth of science and technology etc.ed to the decline of guild system.