Feudal Society's Economic Structure

Feudal Society Economy

• Feudal society is not economically based on a trade economy, but rather on a self-sufficient economy, where lords and vassals rely on their own production and resources.
• Feudal society operates on a manorial economy, where the lord's estate (manor) is the central unit of production, and peasants work the land in exchange for protection and housing.
• The economic structure of feudal society is characterized by a labor-based economy, where the majority of the population is involved in agriculture, and the economy is driven by the lord's need for labor and resources.