What was the role of trade guilds ? Explain. -SST 10th

What was the role of trade guilds ? Explain. -SST 10th
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(i) Trade guilds were associations of producers that trained craft people, maintained control over production, regulated competition and prices (ii)They enjoyed monopoly rights to produce and trade in specific products (iii) They also had the right to restrict the entry of new producers into the trade.
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