The structural failure of the French EIC in the Third Carnatic War proved that a 'State-sponsored and state-controlled' trading company was inferior to a 'Private Joint-Stock' company because:
1. The French company lacked the operational flexibility to make instant decision-making on fields without Paris approval.
2. The state officials in France prioritised continental European battles over distant naval colonies.
3. The English company had better credit-worthiness and could raise independent loans globally.
Which of the statements are correct?

Question

Accepted Answer

All are valid structural contrasts heavily cited by historians as the root reason for the British victory.

Answer

Answer