What were guilds how did they make it difficult to new merchant to set business in town of England
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Answer:
guilds were rich merchant...
they get a monopoly from government
that only they have the right to trade of different trading sector.. this make difficult to new merchants to set business in town so they move towards country side
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New Merchants in the town of England stopped by guilds who control the production of goods.
Explanation:
- Guilds organized to preserve the standard of the crafts produced by artisans. The guild was formed by a group of craftsmen or artisan who perform same trade.
- Guild members highly valued in society because of their hard work and crafts. Guilds maintained control over production by regulating competition and prices. They also restricted the entry of new people into the trade.
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What was the guild?
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