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What were guilds ?

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What were guilds ?

Posted by Gaurav Agrawal 7 years, 2 months ago

CBSE > Class 10 > Social Science

2 answers

Yogita Ingle 7 years, 2 months ago

Guilds were powerful associations of producers that trained craftspeople, maintained control over production, regulated competition and prices, and restricted the entry of new people into the trade. They had been granted the monopoly right to produce and trade in specific products by the rulers. It was therefore difficult for new merchants to set up business in towns.

Ravi Yadav 7 years, 2 months ago

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