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How did British East India company secure goods for export in India?
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How did British East India company secure goods for export in India?
Answer :

The market of cotton and silk good was controlled by the Indians through the ports of Hoogly and Surat.However by 1750's the control of Indians started to decline and was taken over by the East India company.

1.They secured concessions from local courts and then the monopoly right to trade.

2.The old ports of Surat and Hoogly were replaced by the Bombay and Calcutta.

3.Trade through these ports were controlled by the European ships.

4.They tried to eliminated the competition ,control costs and supply of cotton and silk clothes.For that the followed the following steps-

They established the direct control over weavers and appointed a paid servant called the Gomasthas,who was to supervise weavers ,control supplies and examine the quality of cloth.

Companies weavers were prevented to deal with the buyers through the system of advances.

After placing the orders loan were given to the weavers to purchase the raw materials for their production .

Hope its help you.

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How did British East India company secure goods for export in India?
How did British East India Company secure goods for export in India?


The British East India Company was established in 1600 with the aim of trading with India and other parts of Asia. The company soon realized the vast potential of the Indian market and started exporting goods from India to Europe. The British East India Company used various methods to secure goods for export in India. Below are the details:


Establishment of Trading Posts


The British East India Company established trading posts in India to facilitate trade. The trading posts were established in important cities like Calcutta, Madras, and Bombay. The company used these posts to buy goods directly from the local producers and traders. The trading posts also acted as warehouses where the goods were stored before being shipped to Europe.


Collaboration with Local Merchants


The British East India Company collaborated with local merchants to secure goods for export. The company used the services of brokers who acted as intermediaries between the local producers and the company. The brokers helped the company to negotiate better prices and ensured that the goods were of high quality.


Imposition of Taxes and Duties


The British East India Company imposed taxes and duties on the goods that were exported from India. The company used this revenue to maintain its trading posts and to pay its employees. The imposition of taxes and duties also discouraged the local producers from selling their goods to other competitors.


Establishment of Monopolies


The British East India Company established monopolies on certain goods to ensure a steady supply of these goods for export. The company used its financial and political power to force the local producers to sell their goods exclusively to the company. This ensured that the company had a constant supply of goods for export.


Conclusion


The British East India Company used various methods to secure goods for export in India. The establishment of trading posts, collaboration with local merchants, imposition of taxes and duties, and establishment of monopolies were some of the methods used by the company. These methods helped the company to establish a strong foothold in India and to become one of the most powerful trading companies in the world.
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Read the source given below and answer the questions that follows:The exchange of goods among people, states and countries is referred to as trade. The market is the place where such exchanges take place. Trade between two countries is called international trade. It may take place through sea, air or land routes. While local trade is carried in cities, towns and villages, state level trade is carried between two or more states. Advancement of international trade of a country is an index to its economic prosperity. It is, therefore, considered the economic barometer for a country. As the resources are space bound, no country can survive without international trade. Export and import are the components of trade. The balance of trade of a country is the difference between its export and import. When the value of exports exceeds the value of imports, it is called a favourable balance of trade. On the contrary, if the value of imports exceeds the value of exports, it is termed as an unfavourable balance of trade. India has trade relations with all the major trading blocks and all geographical regions of the world. Among the world, the commodities exported from India to other countries include gems and jewellery, chemicals and related products, agriculture and allied products, etc. The commodities imported to India include petroleum crude and products, gems and jewellery, chemicals and related products, base metals, electronic items, machinery, agriculture and allied products. India has emerged as a software giant at the international level and it is earning large foreign exchange through the export of information technology.Answer the following MCQs by choosing the most appropriate option.Q. What is trade between two countries called and how does it takes place?

Read the source given below and answer the questions that follows:The exchange of goods among people, states and countries is referred to as trade. The market is the place where such exchanges take place. Trade between two countries is called international trade. It may take place through sea, air or land routes. While local trade is carried in cities, towns and villages, state level trade is carried between two or more states. Advancement of international trade of a country is an index to its economic prosperity. It is, therefore, considered the economic barometer for a country. As the resources are space bound, no country can survive without international trade. Export and import are the components of trade. The balance of trade of a country is the difference between its export and import. When the value of exports exceeds the value of imports, it is called a favourable balance of trade. On the contrary, if the value of imports exceeds the value of exports, it is termed as an unfavourable balance of trade. India has trade relations with all the major trading blocks and all geographical regions of the world. Among the world, the commodities exported from India to other countries include gems and jewellery, chemicals and related products, agriculture and allied products, etc. The commodities imported to India include petroleum crude and products, gems and jewellery, chemicals and related products, base metals, electronic items, machinery, agriculture and allied products. India has emerged as a software giant at the international level and it is earning large foreign exchange through the export of information technology.Answer the following MCQs by choosing the most appropriate option.Q. Export and import are the components of

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