Question

what is meant by ' trade guilds'

Answer 1

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

Answer 2

$\huge\mathfrak\red{Elo!}$

$\underline\mathtt{TRADE GUILDS:-}$

Trade guilds were powerful associations of producers that ;

- Trained Craftspeople
- Maintain over production
- Regulated competition and prices
- Restricted the entry of new people into the trade