Explain the term feudalism and state its importance from an economic s

1.	Explain the term feudalism and state its importance from an economic sense also?
Answer» The economic, legal, political and social relationships that existed in Europe in the medieval era are collectively called feudalism. Feudalism is a kind of agricultural production which is based on the relationship between lords and peasants. The peasants cultivated their own land, as well as the land of the lord. The lord provided military protection in lieu of peasant’s services. The lords also had extensive judicial control over the peasants. In fact, feudalism went beyond the economic to cover the social and political aspects of life too.

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