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» <html><body><p>In 1600, the East India <a href="https://interviewquestions.tuteehub.com/tag/company-924982" style="font-weight:bold;" target="_blank" title="Click to know more about COMPANY">COMPANY</a> acquired a charter from the <a href="https://interviewquestions.tuteehub.com/tag/ruler-1192065" style="font-weight:bold;" target="_blank" title="Click to know more about RULER">RULER</a> of England, <a href="https://interviewquestions.tuteehub.com/tag/queen-611255" style="font-weight:bold;" target="_blank" title="Click to know more about QUEEN">QUEEN</a> Elizabeth I, granting it the sole right to trade with the East. This <a href="https://interviewquestions.tuteehub.com/tag/meant-2822802" style="font-weight:bold;" target="_blank" title="Click to know more about MEANT">MEANT</a> that no other trading group in England could compete with the East India Company.</p></body></html>