Question

what were trade guildi?how did they make it different for now marchents to set business in town of england?​

Answer 1

Answer:-

Guilds were powerful associations of producers that trained crafts people, maintained control over production, regulated cmpetition and prices and restricted the entry of new people into their trade. They had been granted the monopoly right to produce and trade in specific products by the rulers. It was therefore difficult for new merchants to set up business.

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Answer 2

Guilds were powerful associations of producers that trained crafts people, maintained control over production, regulated cmpetition and prices and restricted the entry of new people into their trade. They had been granted the monopoly right to produce and trade in specific products by the rulers. It was therefore difficult for new merchants to set up business.

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