Why the Indian sellers increase the prices of goods, sold to the European companies
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Answer:
that's because they were doing things against their religion and so they increased the price in shop which resulted in many conflicts.
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This was because the Europeans intended to buy goods from Indian market at a cheaper price and then sell in their domestic market, which had a huge demand in the European market. The high demand for India's goods amongst European traders led to price increase
Explanation:
- India was known for its fine qualities of silk & cotton and these products had a big market in Europe. Indian spices such as cloves, pepper, cinnamon, & cardamom too were in high demand. Therefore, European trading companies were drawn towards India.
- The problem was that all European traders/companies wanted to buy the same things. European competition has inevitably increased prices. This reduced the profit which could be earned that was used to purchase the Indian goods.
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