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Question
With reference to the Colonial period: State two economic changes.
Solution
- The economic system got transformed by industrial growth and the process of urbanisation. Caste-based skills and occupations and social relationships gradually changed due to the impact of a changing economy and the rise of factories.
- New revenue systems were started by the British in different parts oflndia which affected the peasants adversely. There was commercialisation of agriculture also. Subsistence economy was replaced by a market system which was profit oriented.
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