5 function of guild in europe
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The medieval guilds were generally one of twotypes: merchant guilds or craft guilds. Merchant guilds were associations of all or most of the merchants in a particular town or city; these men might be local or long-distance traders, wholesale or retail sellers, and might deal in various categories of goods.Guild, also spelled gild, an association of craftsmen or merchants formed for mutual aid and protection and for the furtherance of their professional interests. Guilds flourished in Europebetween the 11th and 16th centuries and formed an important part of the economic and social fabric in that era.
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