History of Economic Ideas
Serfdom is a form of unfree labor that was prevalent in medieval Europe, where serfs were bound to the land they worked on and were subject to the control of their lords. This system created a hierarchical structure within feudal society, where serfs provided agricultural labor in exchange for protection and a small plot of land for their subsistence. The economic impact of serfdom was significant, as it shaped the agricultural productivity and social dynamics of feudalism.
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