Question

How did urban merchants acquire trade monopoly?

Options

• The old merchants had won over the weavers and artisans.

• The powerful members of the guilds had bribed the rulers.

• The rulers granted different guilds the ‘monopoly right’ and trade of specific products.

• The guilds were so powerful that they did not allow new merchants to enter into the field of trade.

Answer 1

The rulers granted different guilds the ‘monopoly right’ and trade of specific products.