GENERAL KNOWLEDGE

Detailed explanation-1: -In more economic contexts, feudalism was based upon a system in which peasants and slaves were required to fulfill certain obligations for their lord; by paying money rents, providing food renders, or working the land held directly in the lord’s hands (demesne).

Detailed explanation-2: -Agriculture. Medieval* Europe was overwhelmingly rural, and its economy depended almost entirely on agriculture. Towns and cities did not become significant centers of production until the late Middle Ages, but after that time their economic importance increased rapidly.

Detailed explanation-3: -For Marx, feudal society had two basic attributes, unfree labor and homesteads. The former was typified by the Eastern European corvée (labor service). The latter were sites for labor-power reproduction. Surplus-labor took place under the lord’s direction on their demesne.