INDIAN HISTORY

Detailed explanation-1: -Answer and Explanation: The economic and political life of medieval towns was usually dominated by the guild structures. Guilds were companies of merchants, like jewelers or tailors, who banded together to set rates for their work, limit competition, and train the next generation of skilled workers.

Detailed explanation-2: -During the high Middle Ages the European economy greatly expanded, leading to a revived cash economy and widespread trade and commerce. Towns and cities grew, and with them new centers of learning emerged.

Detailed explanation-3: -Feudalism, also known as the feudal system, was the combination of the legal, economic, military, cultural and political customs that flourished in medieval Europe between the 9th and 15th centuries.