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Why could monopoly policy in colonial trade be harmful for local traders?

Answer and explanation

Correct answer: Because trade routes and prices could come under foreign control

Monopoly allowed colonial power to control both profit and markets. For exams connect trade control with economic exploitation.

Related tags

MonopolyColonial-TradeLocal-TradersColonization And DecolonizationWorld HistoryGeneral KnowledgeClass 10 Mcq

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