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+ Secondly, as we will see, both in a city, and in village political and The economic power operated through the same institutes - feudal Estate in village and guild in a city. Independence of an economic life was In the future.

+ Thirdly, in the Middle Ages of a proportion of an exchange, that is the price, established in

Conformity with custom and the law, instead of as a result of negotiations between

Participants of the transaction. In the Middle Ages the division of labour was already enough developed

And, thanks to it, there was an exchange of products and services between

Specialised workers. But an establishment of conditions of trade and the prices in

Conformity with custom and the law was so fundamental line Medieval economy, as well as unity political and economic Institutes.

Usually the exchange was compulsory in the sense that the overwhelming majority

And handicraftsmen the products and services have been obliged to deliver peasants on

The conditions fixed by the law and custom. The hereditary status of serfs

Rural workers could not be changed, they had no right to change an occupation

Or a residence. Townspeople possessed not much more it a freedom in choosing

Employment; to get access to craft (and not to be the tramp) it was possible only

After an apprenticeship with which the father and, as a rule, in own arranged usually

Guilds. Liverymen have been obliged to carry out manufacture and sale on the general

To rules; they had no right to evade from job on the accepted price. The ideology of system is embodied in expressions: "the fair price" and "Fair wages". The prices and wages represented

Moral judgements about advantage. From the moral point of view a supply and demand

Had no value. The modern concept of the prices and wages as The pragmatical mechanisms providing balance of the markets and placing Resources and not assuming any moral estimations, has come much later. Only accidents compelled the medieval world to begin experiments with Economic utility of the prices equalising a supply and demand: in a case

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Free Business Desktop Icons Free Business Desktop Icons is a pack of 10 stock icons to be used in commercial and personal projects, such as software applications, webpages, blogs, and presentations. The images are free for personal, frequent and commercial use.

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