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Why was it difficult for the new European merchants to set up business in 17th and 18th century?

    • Posted by Manroop ? 5 years, 5 months ago

    CBSE > Class 10 > Social Science
    • 1 answers

    Gaurav Seth 5 years, 5 months ago

    This was because the urban trade groups and guilds were very powerful.This was a group of producers who regulated prices,labour,trained craftspeople and also regulated competition.They  prevented coming of new people into trade.Also the rulers gave some trade groups monopoly rights to trade in specific products.Thus it was difficult for merchants to set up business in towns so they turned to villages.

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