Question

The newly developed European cities were the centres of handicrafts and trade. The traders in these cities formed associations called :

• A. guilds
• B. cartels
• C. syndicates
• D. cooperatives

Answer 1

Answer:

A. guilds

Trade Guilds

• The newly developed European cities were the centres of handicrafts and trade. The traders in these cities formed associations called 'guilds'.

• Apart from traders, blacksmiths, goldsmiths, leather workers, and carpenters also formed guilds.

• The guilds fixed the prices and the quality of products and the working hours of the labourers