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Why can chartered companies be called semi state institutions in colonialism?

Answer and explanation

Correct answer: Because they could get military and administrative powers along with trade

Chartered companies worked between private trade and state power. For exams remember the East India Company example.

Related tags

Chartered-CompaniesState-PowerColonialismColonization And DecolonizationWorld HistoryGeneral KnowledgeClass 10 Mcq

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