10th Class Social Science The Age of Industrialisation Question Bank Short Answer Type Questions - The Age Of Industrialisation

  • question_answer
    Explain the role of a guild in the production process of crafts.

    Answer:

    In seventeenth and eighteenth centuries the trade guilds were powerful.
    Trade guilds were the association of producers that trained craftsmen, maintained control over production, regulated competition and prices and restricted the entry of new people into the trade. They often had monopoly right to trade and produce a specific craft.
     


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