European rulers started giving military protection and trade concessions to the trading companies.
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European rulers started giving military protection and trade concessions to the trading companies.
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Trade with Oriental countries was very profitable and responsible for economic prosperity. Hence, European rulers started giving military protection and trade concessions to these trading companies. This led to accumulation of wealth in Europe.
Answer:
European trading companies ventured across the oceans so as to look new lands from where they could buy goods at a cheap price, and carry them back to Europe to sell at higher price. The fine qualities of cotton and silk produced in India had a big market in Europe.Indian spices like pepper, cloves, cardamom and cinnamon were also in great demand . European trading companies were looking for new lands From which they could buy goods at cheaper rates and sell them at higher prices in Europe. This prospect attracted the European trading companies to India.
Explanation:
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