Guild system

The guild system refers to an organization of artisans or merchants who control the practice of their craft or trade in a specific area. Originating in medieval Europe, guilds set standards for quality, regulated working conditions, and supported members through training and mutual aid. They played a crucial role in economic and social life, ensuring fair competition and protecting their members' interests. Guilds often established rules for apprenticeships and were instrumental in maintaining trade secrets and techniques. As economies evolved, many guilds declined, but their influence can still be seen in modern professional associations and unions.