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Question
With reference to economic conditions during the Sangam Age, explain the following: Significance of Occupational Guilds
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Solution
Guilds had become an important institution in the economy of the Sangam age. The guilds defined rules of work and controlled the quality and prices of the finished product. The guilds also functioned as bankers and financiers. Guilds also carried out welfare activities and services of many kinds.
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Occupational Guilds
