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Explain the following concept:

Guilds (Shrenis)

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Along with agriculture and animal husbandry, trade and systematic management, and organisation of the trade are also essential factors for the prosperity of a state. 

The guilds of the merchants and the artisans played a great role in the growth of the mahajanapadas into wealthy states. 

These guilds had their own way of organisation and functioning.

Guilds had their own, strict rules. Hence, they had a stringent structure. 

This stringent structure is perceived as one of the main reasons for the rise of the caste system.

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