Business - Feudalism carried certain consequences if...

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  During the Middle Ages (A.D. 500-1500) the position that one held depended on how much  money was generated by the person’s estate. The higher the income the higher the position a  person held. People who had no property were simply looked upon as a laborer or slave in  oppression. At the highest peak of the hierarchy the ruler of the tribe is given the power to  govern property rights to whom ever they chose. Higher ranking members of the hierarchy have  the privilege of making particular decisions and expect requests are carried out obediently. 
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Unformatted text preview: Feudalism carried certain consequences if business was not managed effectively. Laborers lacked initiative because they were not profiting from the work that was put in. To make their property show more profit landowners assigned the most capable laborers to manage their farms. In order to pay their rent farm tenants would either share the profit made from the farming or the farmers produce could be sold at a local market to pay the rent....
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This note was uploaded on 02/28/2010 for the course AXIA COLLE MAT 116 taught by Professor Herman during the Spring '10 term at University of Phoenix.

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