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1.
S₁: During the Middle Ages the manufacture of cloth was divided amongst a number of associations of skilled workers who performed different operations required ih its production.
S₆: This was one of the reasons why the industry flourished in such rich countries as Flanders, Italy and Britain.

P: But the association of skilled workers lacked capital to buy it.
Q: Consequently, he began to assume the role of ther employer.
R: With the mechanisation of these operations, complicated apparatus became necessary for economic production.
S: The banker, therefore, stepped in to finance the industrialisation of these operations.