Guilds performed a variety of important functions in the local economy. They established a monopoly of trade in their locality or within a particular branch of industry or commerce; they set and maintained standards for the quality of goods and the integrity of trading practices in that industry; they worked to maintain stable prices for their goods and commodities; and they sought to control town or city governments in order to further the interests of the guild members and achieve their economic objectives.
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1 is the answer
Tell me if I am wrong
We better understand the psyche of the culture where they are from and the universalism of the human psyche, and those things influence our thoughts, behavior, and personality. It is the forcesthat speak to our souls.
The reason why imperialist seek possession of colonies that had extractive economies is that they wanted to gain the advantage of the global resources in the market especially in the product like flours and wheat. They wanted the resources so that they can expand their trade and widened their market locally and internationally.
