what was the main cause of competition among different trading company ?
Answers
The major cause of mutual competition between the European trading companies in India are as follow: ---->The amount of trade was not sufficient to sustain all thecompanies. ---->There was a competition to make more profit.
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Explanation:
all companies wanted more profit than other this cause competition between different trading companies . also
During the seventeenth and eighteenth centuries, the rulers of some European countries followed the policy of mercantilism, that is. protecting their countries' trade from foreign competition to increase trade profits. These rulers encouraged the establishment of colonies, where raw materials could be bought cheap and finished goods could be sold at high prices without competition from foreign traders.
Their efforts to establish colonies and capture others' trade centres in different parts of the world led to intense rivalry, and resulted in wars on land and sea.