medieval guild

Artisan trade union

A medieval guild was an association of craftsmen or merchants in a European town, organized to regulate their trade, set standards of quality, control prices, and train apprentices.

Guilds dominated urban economic life from roughly the 11th through 16th centuries, functioning as both trade unions and professional licensing bodies.

Members progressed from apprentice to journeyman to master.

The term now appears mainly in historical contexts, though guild alone survives in gaming and other modern associations.

Related

trade · artisan · trade secrets · blacksmith · workshop · charter · merchant · wares · cobbler · tanner · weaver · livery · coat of arms · brotherhood · sworn · hall · town square · free city

Categories
Opposites
economic organization type

medieval guildlabor union

Collective bargaining group

gig economy · independent contractor · at-will employment · professional association · corporation

market structure

medieval guildfree market

Commerce without state intervention

open competition · free trade · open market

historical economic era

medieval guildfactory production

Goods made industrially

mass production · assembly line · industrial capitalism · knowledge economy · digital economy

Family

medieval, guild, guilds, guildsman, guildsmen, guildhall, medium, medial, mediate

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Concrete · Rated G