Which of these is the term for the arrangement between the merchant and the weavers?

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

Putting-in system

Putting-out system

Keeping-in system

None of these

answer is B.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The putting-out system is the term for the arrangement between the merchant and the weavers.
In a marketplace, different kinds of relationships are established between the traders and the producers. Some of these arrangements can be beneficial for both parties, while some accounts can benefit only one of them. For example, the agreement between a merchant and a weaver is termed a putting-out system. In this putting-out system, the merchants provide raw materials to the weavers, and they complete their designated work of weaving the fabric and giving back the final products to the merchants.

Watch 3-min video & get full concept clarity