What Term Describes the Class of People in a Feudal

question 154

Short Answer

What term describes the class of people in a feudal system who do not own land but support the noble (land-owning) class through revenues generated by crop production?

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Definitions:

Import

Goods or services that come into a country from abroad for sale.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a product and the actual price they do pay.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive, due to market prices being higher.

Total Benefits

The complete set of advantages, monetary or otherwise, received from the consumption or use of a good or service.