FUTURE CONSEQUENCES OF CREATING MONOPOLY IN TOURISM SECTOR OF GB
In the 1600s East India Company (EIC) came to India to create a monopoly of British traders over the spice trade. Spices were a top priority because India was the leading supplier for the entire world, and the spice business was the most lucrative. History shows that the company later took over almost all businesses, including spices. EIC established its first two companies with the permission of the then-Mughal emperor Jehangir. The company then purchased land from the local rulers. In the name of protecting these lands, the company recruited troops, eventually forming the famous Bengal, Bombay, and Madras armies. These army groups went on to wage numerous wars. With the sympathies of local corrupt rulers and the army groups, the British Empire maintained high prices on all commodities while extracting every bit of revenue they could from the Indian population. The EIC later facilitated the takeover of the subcontinent by the British Empire, which ruled over the subcontinent for almos...