What do you mean by trade guild
Answers
Explanation:
the guild is an association of artisans or merchants who oversee the practice of craft or trades in the particular area .the earliest types of guilds formed as a confraternity of trademan
Answer:
What do you mean by guilds
The guild were the association of experts in different occupational sectors , There were 2 kinds of guilds
- The merchant guilds
- The craft guilds
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What are the factors that led to the formation of Guilds
- The rapid increase of trade in mediaeval European cities
- The formation of specific occupational sectors
- The necessity to withstand the excessive taxation and exploitation
- The sense of organization
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The important duties of the Guilds are
- Framing labour laws
- Division of labour
- Maintaining the quality of produc
- Determining the mode of sale
- Fixing of prices
- Determining working hour
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What are the aims of Guilds
The aims of Guilds were to
- Foster mutual help and cooperation
- to maintain the monopoly of market
- the attainment of economic stability
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What are the factors that led to the decline of guild system
Industrialization , growth of science and technology etc led to the decline of guild system.