Choose that given statement is true/false:

Merchants could not expand production within towns because urban crafts and trade guilds were

powerful.

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True

False

answer is A.

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Detailed Solution

The above statement is true.
Merchants could not expand production within towns because urban crafts and trade guilds were powerful. The need for products started to increase with the growth of global trade and the establishment of colonies in various regions. But business owners in towns were unable to increase production. This resulted from the strength of the local urban trade guilds. These were groups of producers who worked together to teach artisans, keep control over production, manage prices and competition, and prevent newcomers from entering the market.

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