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Why were European traders unable to oust Indian traders from Asian trade?
  • a)
    Indian traders had a monopoly on domestic markets
  • b)
    Indian traders knew both the domestic and international markets well
  • c)
    European traders were not interested in Asian trade
  • d)
    European traders were not as skilled in business
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Why were European traders unable to oust Indian traders from Asian tra...
Indian traders were able to maintain their position in Asian trade because they had a deep understanding of both the domestic and international markets and were willing to work at a lower profit than European traders.
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Why were European traders unable to oust Indian traders from Asian trade?a)Indian traders had a monopoly on domestic marketsb)Indian traders knew both the domestic and international markets wellc)European traders were not interested in Asian traded)European traders were not as skilled in businessCorrect answer is option 'B'. Can you explain this answer?
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