Question

what is the meaning of factory in the content of the English East India Company

Answer 1

Factory meant the area where the English people lived and managed work.
OR we can say it was an area where official work establishedlment were made.

Answer 2

Answer:

Explanation:

The meaning of factory in the context of the English East India Company refers to trading stations or posts set up by the company at various places.

The first trading post or factory was set up at Machilipatnam in South India during 1610.

Later factories were set up at Surat, Patna, Madras, Balasore, Bombay, Calcutta and many more places over the years as their trading monopoly strengthened.

The factories were run by factors or trading agents or a council of factors, who would negotiate with the local merchants for sale and procurement of goods.

The factories were trading posts where goods from India were sold or exchanged for goods from European Markets.

The factories maintained records of daily trading activities and accounts, work details of the trading agents or factors, and other important events taking place at the factory.