Question

Why was system of advancing loans to weavers adopted by Indian economy

Answer 1

1. the weavers were given loans to purchase the raw material for their production
2. it prevented weavers from dealing with other buyers by introducing introducing the system of advances
3. the advances and loans they received from the company tied them with the company

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Answer 2

Answer:

Dependency for food on others – most of the weavers after loosing their land became dependent on other for the food supplies.

Explanation:

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