The eyes of Mongols—a great power in Central Asia—were set on the fabulous wealth of India. They had threatened the security of the northwest of India during the time of Balban also. Balban proved to be a powerful king and he repulsed their invasions. image source: upload.wikimedia.org/wikipedia/commons/a/ab/BattleOfHoms1299.JPG During the reign of Ala-ud-Din, their attacks became fiercer as compared [...]
Meaning of Market Control: Market control implies the state interference in the supply and sale of commodities. In the open market buyers and sellers are free to enter into transactions. There is no check on the supply and sale price of the commodities. Government control in the supply and price of commodities is the minimum. There is free competition among [...]
1. Fixation of prices: Prices were fixed not only of varieties of grains, pulses, cloth, cattle and horses but also of articles like meat, fish, dry fruits, sugarcane, vegetables, betal-leaves etc.—all articles of daily use. Even prices of slaves were also fixed. A comparative study of prices would be quite interesting: (a) Prices of essential commodities Soldiers could lead a [...]