what is the significance of shreni system in ancient india
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In Ancient India, a shreni was an association of traders, merchants, and artisans. Generally, a separate shreni existed for a particular group of persons engaged in the same vocation or activity. Shrenis have sometimes been compared with the guilds.
Shrenis were associations of crafts persons and merchants. The shrenis of crafts persons performed various functions. They provided training, procured raw material and distributed the finished product. Then came shrenis of merchants who organised the trade.
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