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Q.

[[1]] ruled England in 1600.


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Detailed Solution

Queen Elizabeth I ruled England in 1600. She signed a charter for the East India Company, and they were granted the sole right to trade with the East. No other English company could compete with the East India Company. The Company could search for new markets and lands to buy raw materials and other goods and sell them in England at high rates. They made profits at that time by buying goods at low prices and selling them at high rates. But the royal charter could not prevent the other trading companies of Europe from entering new markets and countries.
 
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