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In the Middle Ages,the Function of the Guilds Was

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In the Middle Ages,the function of the guilds was


Definitions:

Labor Forces

Consists of all the people available to work in an economy, including both the employed and those seeking employment.

Light Industrial Production

Involves manufacturing activities that typically require a smaller space and less heavy machinery compared to heavy industrial production, focusing on products like electronics or textiles.

Productivity

The efficiency at which goods and services are produced, usually measured by the amount of output per unit of input over a specific period.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time, often measured by GDP.

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