Question

What what trade guilds? How did it control production in town of England?

Answer 1

Dear Student

​​​​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.

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