(Answered) How would one describe markets under feudalism?How would one describe markets under feudalism?

➤ Why were markets limited in feudal economies?
Markets were limited because local economies focused on subsistence and faced legal and logistical barriers. Poor roads, scarce coinage, and lordly or guild regulations raised transaction costs. Seasonal harvests created uneven supply, and customary obligations plus insecurity kept most production within villages rather than supporting sustained long-distance trade.