WORLD HISTORY

Detailed explanation-1: -What Was the Role of Guilds? 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.

Detailed explanation-2: -Fixing of prices, Determining the mode of sale, Maintaining the quality of products, Division of labour, Framing labour laws, Determining working hours. Was this answer helpful?

Detailed explanation-3: -A guild is an association of artisans or merchants who oversee the practice of their craft/trade in a particular area. The earliest types of guild formed as a confraternities of tradesmen, normally operating in a single city and covering a single trade.

Detailed explanation-4: -Their main responsibilities are to develop and promote best practices and standards, offer training and mentorship, and support the development of skills and knowledge within the guild.

Detailed explanation-5: -The Guild Governance Lead’s responsibilities includes reviewing G&T opportunities and engagements within the unit, assessing the account and unit level maturity of G&T initiatives and sharing the best practices and lessons learnt within and across units.