What were guilds?And its features.
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Explanation:
Trade guilds were associations of producers that trained craft people, maintained control over production, regulated competition and prices. (ii)They enjoyed monopoly rights to produce and trade in specific products. (iii) They also had the right to restrict the entry of new producers into the trade.
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Guilds emerged to preserve the standard of the crafts.
Explanation:
- Guilds developed to preserve the standard of the crafts produced by artisans.
- Guild members highly admired in society because of their work and crafts.
- Guilds provided skills which passed down from one generation to another.
- Guilds maintained control over production by regulating competition and prices.
- They also restricted the entry of new people into the trade.
- Guilds for the first time emerged in Europe in town to maintain the standard of the crafts made by the artisans.
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What are guilds? write the function of guilds.
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