how did the British East India Company benefit by the charter of sole right of trade with East Elaborate

how did the British East India Company benefit by the charter of sole

1.	how did the British East India Company benefit by the charter of sole right of trade with East Elaborate
Answer» In 1600, the East India COMPANY acquired a charter from the RULER of England, QUEEN Elizabeth I, granting it the sole right to trade with the East. This MEANT that no other trading group in England could compete with the East India Company.