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What were guilds in Europe

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What were guilds in Europe

Posted by Pranjal Agarwal 5 years, 7 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 5 years, 7 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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CBSE > Class 10 > Social Science