What was the function of East …
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Yogita Ingle 6 years ago
In 1600, Queen Elizabeth; the ruler of England; gave a charter to the East India Company. The charter granted the Company the sole right to trade with the East and no other English trading group could compete with it in the East. In those days, mercantile trading companies made profit mainly by excluding competition. Lack of competition enabled them to buy cheap and sell dear.
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