Choose whether the given statement is true/false:

Despite increasing consumer demand for commodities in the 17th and 18th centuries, merchants were unable to increase manufacturing within towns.

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True

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answer is A.

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Detailed Solution

The above statement is true.
In the seventeenth and eighteenth centuries, European town-based merchants started relocating to the countryside, where they paid farmers and craftspeople to make goods for a global market. The demand for products began to increase with the development of worldwide trade. However, merchants were unable to increase output within communities. This was due to the influence of the local urban trade guilds. New merchants found it challenging to establish themselves in towns as a result.

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