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Question
The Sangam literature gives a complete and true picture of economic conditions of the age. Describe the economic life of the people with reference to:
Occupational Guilds
Solution
Guilds had become an important institution in the economy of the Sangam age. The guilds defined rules of work and controlled the quality and prices of the finished product. The guilds also functioned as bankers and financiers. Guilds also carried out welfare activities and services of many kinds.
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