question_answer

Critically examine how the British companies gradually asserted monopoly rights in India.

Answer:

After establishing political power in Bengal and Carnatic by the end of 18th century, the East India Company began to assert its monopoly right to trade.

It developed a system of management and control that would eliminate competition, control cost, and ensure regular supplies of cotton and silk goods.

They appointed paid gomasthas to supervise weavers, collect supplies and examine the quality of goods.