medieval economy
Manorial trade system
The economic system of Europe during the Middle Ages, roughly 500–1500 CE, characterized by feudalism, manorial agriculture, and limited trade.
Land was the primary source of wealth, with peasants working lords' estates in exchange for protection.
Guild-controlled craft production and local markets dominated, though long-distance trade revived in later centuries: The medieval economy depended heavily on agricultural surplus.
- feudal systemMedieval land-loyalty arrangement
- merchantOne who sells wares
- serfdomFeudal bound labor
- mintingProducing official currency
- tally stickNotched wood for counting
apprentice · marketplace · market day · florin · burghers · vassalage · villeinage · usury · municipal tax · town charter · denarius · landed gentry · demesne · common land · trade guilds · coinage · fair · wool trade
medieval economyindustrial economy
Production-centered economic system
global economy · digital economy · market economy · information economy · knowledge economy
medieval economyglobal capitalism
International private ownership system
factory system · Fordism · subsistence economy · barter economy · autarky
medieval economycapitalism
Private profit-based economy
industrial capitalism · market economy · gig economy · free market · socialist economy