Did cycles of boom and bust exist under feudalism? Why or why not?

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Economics An Introduction To Traditional And Progressive Views

ISBN: 9780765616685

7th Edition

Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers

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Question Posted: Nov 10, 2023 10:10 PM

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How is the economy different today from feudalist society that leads to boom and bust?
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Did cycles of boom and bust exist under feudalism? Why or why not?

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The concept of boom and bust cycles as we understand them in modern economic terms is not a perfect fit for describing economic patterns under feudali...View the full answer

Economics An Introduction To Traditional And Progressive Views

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