We have come a long way from the days of Feudalism where Lords were land (fief) owners and the vassals were the common folk who provided a service to the Lord for use of the land, whether it is to serve in the military or other forms as requested. This was the way of life in medieval times, up until the 15th century (Hirst, 2012). From here, the transition began from Feudalism to the early stage Capitalism, where the ordinary people broke away from the Feudal system and owned property and the means…
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