Feudalism, Microeconomics

Assignment Help:

A type of economy (like in Europe in the Middle Ages) which is primarily agricultural however productive enough to support a class of merchants andartisans. Feudal societies are composed of two major social classes: peasants andnobles. Nobility extracted the agricultural surplus from peasants through a system of tradition, mutual obligation and (when necessary) brute force.


Related Discussions:- Feudalism

Help, #questioSuppose the US and Mexico both produce semiconductors and aut...

#questioSuppose the US and Mexico both produce semiconductors and auto parts and the US has a comparative advantage in semiconductors while Mexico has a comparative advantage in au

Conflicting measurements, 1. Using personal (work) experience or examples f...

1. Using personal (work) experience or examples found from companies you research or from text book scenarios: a.  Give an example of at least two "conflicting measurements" bei

Monopsony, disadvantages of monopsony

disadvantages of monopsony

Marris model, what is the assumption of the model ?

what is the assumption of the model ?

Compute marginal cost and average total cost, 1.  What is the relationship ...

1.  What is the relationship between a firm's total revenue, profit and total cost? Give an example of hypothetical data and draw the curves. 2.  Define economies of scale and e

International trade, how might opportunity cost help to explain the pattern...

how might opportunity cost help to explain the pattern of international trade?

Division of labor, Division of Labor The occupation or breaking down o...

Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.

Disadvantages of state trading, Disadvantages of State Trading State tra...

Disadvantages of State Trading State trading has several disadvantages. (i) State trading is often afflicted by the corruption and inefficiency usually associated with the pu

Chapter 6, (a) Suppose Scientists discover that eating soybeans prevents ca...

(a) Suppose Scientists discover that eating soybeans prevents cancer and heart disease.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd