What are the economic characteristics of feudal society?

First, the feudal economy is an economic system based on the land ownership of feudal landlords. In fact, it can be completely understood as a feudal natural economy. It is an economic form that directly meets the needs of individual producers or economic units, not for exchange. Also known as self-sufficient economy. As opposed to the commodity economy. The natural economy is adapted to the low level of productivity and underdeveloped social division of labor.

Second, the basic characteristics of the feudal economy are:

(1) social division of labor is excluded, and economic activities are confined to the narrow circle with the family as the unit. Each producer or economic unit not only produces the agricultural products it needs, but also produces most of the industrial products it needs. Self-sufficiency is the characteristic of natural economy.

(2) The production form is relatively closed and rigid, which excludes technological progress and hinders the development of social productive forces.

③ The relationship between people is simple and clear. In the long historical period from primitive society to slave society and feudal society, the natural economy has always been dominant, and the commodity economy has only a subordinate role and plays an auxiliary role. It was only at the end of feudal society that social productive forces developed by leaps and bounds. When natural economy could no longer adapt to the development of social productive forces, it gradually collapsed and was replaced by commodity economy.