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Guilds were organizations of merchants and artisans who regulated local markets by controlling the price, quality, production, and distribution of goods. In this way, they could establish standards of workmanship for their products, which protected guild members from competition and helped maintain a stable economy.

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16y ago
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9y ago

In the Middle Ages, guilds helped to control quality and prices of goods. They also served as a source of training for future craftsmen.

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Q: What role did guilds play in the middle ages?
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