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Which of the following two problems were faced by cotton weavers in India?
  • a)
    Short supply and decline in demand
  • b)
    Decline in production and rise in cost
  • c)
    Export market collapsed and local market shrank
  • d)
    Company officials' treatment and governments' apathy
Correct answer is option 'C'. Can you explain this answer?
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Which of the following two problems were faced by cotton weavers in I...
By the turn of the 19th-century, weavers faced a new set of problems. As the cotton industry developed in England, Indian cotton weavers faced two problems - their export market collapsed and local market shrank being flooded with British goods. Indian handmade goods could not compete with fine machine-made goods of England. By 1860, they faced a new problem. They could not get sufficient supply of raw cotton which was sent to England for their industries after American world war. The prices of raw cotton shot up and Indian weavers were forced to buy raw cotton at exorbitant prices. In most cases, they were unable to pay.
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Which of the following two problems were faced by cotton weavers in I...
Challenges faced by cotton weavers in India:
- Export market collapsed: Cotton weavers in India faced a significant challenge when the export market collapsed. This meant that their access to international buyers was severely limited, resulting in a loss of potential revenue and opportunities for growth.
- Local market shrank: Additionally, the local market for cotton weavers in India also experienced a decline. This was due to various factors such as changing consumer preferences, competition from other industries, and economic fluctuations. As a result, weavers struggled to find buyers for their products locally, further impacting their income and livelihood.
In conclusion, the challenges faced by cotton weavers in India primarily revolved around the collapse of the export market and the shrinking of the local market. These factors contributed to a difficult economic environment for cotton weavers, making it harder for them to sustain their businesses and generate income.
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Which of the following two problems were faced by cotton weavers in India?a)Short supply and decline in demandb)Decline in production and rise in costc)Export market collapsed and local market shrankd)Company officials' treatment and governments' apathyCorrect answer is option 'C'. Can you explain this answer?
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