Trivia Spin Answers What is the meaning of this concept?

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• Baron Feudal
  title
• Burgher Townsman
• Demesne Land
  owned
• Germanic
  kingship War
  chief
• Guild Guild
  of
  merchants
• Lord Landowner

Merchants' guilds were organisational structures set up by merchants to protect their interests and improve the terms of trade. They existed since ancient times and were particularly developed during the Middle Ages and the Renaissance. Guild of merchants set rules and standards for the quality and prices of goods, and controlled their production and circulation. This helped to improve the quality and safety of goods and to protect the interests of buyers. Fairs and fair towns were an important part of the activities of the merchants' guilds. Guilds organised mass fairs where merchants could trade with the whole country or even with foreign countries. Fair towns were closely connected with the activities of the guilds and became places of intensive trade.