What types of market existed to facilitate the commercialization of agriculture during British India???
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Product Markets: various agricultural products, such as wheat or rice or wool or ghee begin to be sold
2) Input Markets: things needed for agricultural use being sold such as tools, seeds, fertilisers, bullocks.
3) Labour Market: When workers begin to be hired for money
4) land Market: When farmers begin to sell or buy land or hire it for money
5) Market for money itself: as commercialization develops, the cultivators are often in need of money, to pay taxes or rents in cash, to buy seed or bullocks or even to feed themselves and their families. A market in loans grows up, and the ' price' of the loan is , of course, the interest that the borrower must pay.
2) Input Markets: things needed for agricultural use being sold such as tools, seeds, fertilisers, bullocks.
3) Labour Market: When workers begin to be hired for money
4) land Market: When farmers begin to sell or buy land or hire it for money
5) Market for money itself: as commercialization develops, the cultivators are often in need of money, to pay taxes or rents in cash, to buy seed or bullocks or even to feed themselves and their families. A market in loans grows up, and the ' price' of the loan is , of course, the interest that the borrower must pay.
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