Question

what is the monopoly of trade?

Answer 1

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##The company appointed a paid servant called the gomastha for the supervision of weavers,collect supplies and to examine the quality of cloth.

##It prevented company weavers from dealing with other buyers.

##The company did this by the system of advances .

##Once an order was placed the weavers were given loans to purchase the raw material .

##Those who took loans were bound to hand over the cloth they produced to gomastha.

##They could not sell it to any other traders.

Answer 2

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MONOPOLY REFERS TO A INDIVIDUAL SELLER. IT SHOWS THEIR OWN POWER ON CHARGES OVER THE MARKET PRICES OF THE MONOPOLY OF TRADE IS A SEPARATE LEGAL ENTITY OF ORGANIZATION.


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