What are the key characteristics of chartered companies? (Choose all that apply) A) Monopoly over trade B) Operated in colonies and trade hubs C) Granted rights by governments D) C... What are the key characteristics of chartered companies? (Choose all that apply) A) Monopoly over trade B) Operated in colonies and trade hubs C) Granted rights by governments D) Combination of business and governance roles
Understand the Problem
The question is asking for the key characteristics of chartered companies, specifically which options apply. It requires an understanding of the historical role and function of chartered companies in trade and governance.
Answer
Monopoly over trade, Granted rights by governments, Combination of business and governance roles
The key characteristics of chartered companies are: Monopoly over trade, Granted rights by governments, and Combination of business and governance roles.
Answer for screen readers
The key characteristics of chartered companies are: Monopoly over trade, Granted rights by governments, and Combination of business and governance roles.
More Information
Chartered companies were key instruments in expanding trade and exerting influence in colonies during the colonial era.
Tips
A common mistake is not realizing that chartered companies were often involved in governance as well as trade, acting almost like states within certain territories.
Sources
- Chartered company - Wikipedia - en.wikipedia.org
- Chartered company | Economics, Trade & Colonialism - Britannica - britannica.com
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