what was the importance of indian trade for the british
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following are some importance of Indian Trade for The British.
√British export cotton from India to England
√They were earning profits for WWI(WORLD WAR FIRST) but after WW1 there was huge development in defence expenditure.
√They give less wages or sometimes even not single rupee for the work and earn huge profit by dealing with other countries like Europe.
√Now, Indian Workers work for British landlords for plantation in Assam without even moving for hours.
√British export cotton from India to England
√They were earning profits for WWI(WORLD WAR FIRST) but after WW1 there was huge development in defence expenditure.
√They give less wages or sometimes even not single rupee for the work and earn huge profit by dealing with other countries like Europe.
√Now, Indian Workers work for British landlords for plantation in Assam without even moving for hours.
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Answer:
In the 17th and 18th centuries merchants in Europe began to move to the countryside. They gave money to peasants and artisans to produce for an international market. The demands of goods had increased due to colonisation and the resultant expansion of trade. Merchants could not increase production in towns due to the monopoly and power of the crafts and trade guilds. They had the monopoly to produce certain goods and did not allow the entry of new competitors. The guilds were associations of producers that trained craftspeople, maintained control over production, and regulated prices.
Explanation:
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