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Who were trade guilds ?? Explain …

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Who were trade guilds ?? Explain in detail

    • Posted by Divyansh Singh 6 years, 9 months ago

    CBSE > Class 10 > Social Science
    • 1 answers

    Yogita Ingle 6 years, 9 months ago

    (i) Trade guilds were associations of producers that trained craft people, maintained control over production, regulated competition and prices
    (ii)They enjoyed monopoly rights to produce and trade in specific products
    (iii) They also had the right to restrict the entry of new producers into the trade.

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