Question

what do you understand by the "Drain of Wealth "
pleazzzz give correct answer its a request ​

Answer 1

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$\bold{Explanation}$:

"Drain Of Wealth" theory was originally started by Dadabhai naoroji and later it was analyzed by R.P dutt ,M.G Ranade etc.This theory suggests that how all riches of Indian were drained by the Britishers.The continuous and constant flow of money (wealth) from India to Britain and nothing would come in return from England is known as the "Drain Of Wealth"theory.

=>The Britishers used our all resources and sold back to the indians at cheaper price.

=>Raw materials were taken away from india and sent to England and further from here being converted into finished goods and sold back to India.

=>The Britishers took advantage of Indian labourers for their hard and pay less wages and they earn more.

=>The rules and regulations was, according to the Britishers.

=>The East India Company bought goods from India in indian currency and further trade it with England ,here a lot of outflows of Indian currency and falling down of Indian economy.