The pros were that you were being protected by the guild in case of something bad happening you like getting hurt or similar. They would help you and your family for example. The cons were that you wouldn't be able to dictate the price of your wares which was done to prevent exploitation of consumers, so even if you were in a position to establish a personal monopoly, you couldn't and you couldn't become richer than what is the adequate wealth for a merchant.
Answer by YourHope:
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Question: Although he was killed in the Philippines, _____ is still known as the first man to circumnavigate the globe.
Answer: A) Ferdinand Magellan!
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It would be a "traditional" type of economic system that relies primarily on hunting gathering herding and farming to maintain self sufficiency, since this was how humans sustained life for many years before the modern era.
D. England
All of the other three were actively competing for Korea at the time along with America as well.