Question

explain about guilds​

Answer 1

Answer:

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 Europe between the 11th and 16th centuries and formed an important part of the economic and social fabric in that era.

Explanation:

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Answer 2

Answer:

The greatest speciality of the medieval socio-economic structure was the guilds. These guilds were association of experts in different occupational sectors. There were two kinds of guilds.

1. Merchant guilds
2. Craft guilds

The rapid increase of trade in medieval European cities,the formation of specific occupational sectors,the necessity to withstand the excessive taxation and exploitation,and the sense of organization were the factors which led to formation of guilds.

The aims of guilds were to foster mutual help and co-operation ,to maintain monopoly of markets and attainment of economic stability.

The merchant guilds were the first to emerge .

The craft guilds were the association of different artisants and craftsman.

Industrialisation ,growth of science and technology etc. led to the decline of guild system.

Responsablilities of guilds:

• Framing labour laws
• division of labour
• maintaining quality of products
• determining the mode of sale
• fixing prices
• determining working hours