During the pre-industrial period,

Question

Quizplus · Accepted Answer

During the pre-industrial period, the right to trade was often a privilege granted by the states. This was because the governments wanted to control trade to maximize their own economic gain. This is reflected in the colonial system, where colonies were established in order to provide raw materials for the colonial power, and to buy manufactured goods from the colonial power. This system allowed the colonial power to keep control of the trade, and to extract the most benefit from it.

During the Pre-Industrial Period