HISTORY
MEDIEVAL CHRISTIAN EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cooperatives
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Organizations
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Guilds
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Monasteries
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Detailed explanation-1: -Guilds are defined as associations of craftsmen and merchants formed to promote the economic interests of their members as well as to provide protection and mutual aid. As both business and social organizations, guilds were prolific throughout Europe between the eleventh and sixteenth centuries.
Detailed explanation-2: -The guilds of merchants were called shrenis. Explanation: shrenis: In Ancient India, a shreni (Sanskrit romanized Sreṇī, Prakrit: seni) was an association of traders, merchants, and artisans.
Detailed explanation-3: -The associations of crafts persons and merchants were known as shrenis. The shrenis of merchants organized the trade and shrenis of craft persons gave training, obtained raw material, and distributed the completed product. Shrenis also worked as banks.