Both used private trading companies to create their empires.
Explanation:
The centers of the Portuguese empire was formed in 1510 and was captured by the Arab at goa, as an island harbor halfway up the western Indian coasts which was the Portuguese colony for nearly 460 years.
Most of the Portuguese shipments of the pepper and the ginger that originated from the Malabar Coast of the India. The dutch official formed the West India Company and was a mega-corporation formed by them in the 17th century with the dutch had a monopoly and conducted activity of the inter Asia trade.
And it was chartered company to trade and it used to import 50 to 80% of the textiles. While the company of the British the east India company set up in 1657 and was the brainchild of the dutch with the company acquiring the trading ports and safeguarding its territories.
The demand for the wheat crackers is elastic. This is because a small increase in the price does not affect the demand but only until the price is further increased does the demand change. This is the definition of an elastic demand. The opposite is inelastic demand and this occurs when a small change in the price results to an immediate or big change in the demand.
