Why did merchants turn to countryside, rather than setting up business in towns?
CBSE Class 10
CBSE Class 10 Social
2018-03-06 14:55:34 UTC
Merchants supplied money to peasants and artisans, persuading them to produce for an international market.
Demand for goods increased since the European powers had acquired colonies and sold their goods in these colonies.
But merchants could not expand production within towns because the urban crafts and trade guilds were very powerful.
Rulers granted different guilds the monopoly rights to produce and trade in specific products.
It was therefore difficult for new merchants to set up business in towns. So they turned to