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The Late Middle Ages Economy refers to the economic system and practices that were prevalent in Europe during the period from the 14th to the 15th centuries. This era saw the rise of trade and commerce, the growth of cities and towns, and the development of banking and financial institutions. Feudalism was still a dominant social and economic system, with land ownership and agriculture serving as the primary sources of wealth. The economy was largely agrarian, with peasants working the land for nobles in exchange for protection and a share of the harvest. Craftsmanship and guilds also played a significant role in the economy, with skilled artisans producing goods for local and regional markets. The Late Middle Ages Economy was characterized by a complex network of trade routes, fairs, and markets that connected different regions and facilitated the exchange of goods and services. Overall, the economy of the Late Middle Ages was diverse and dynamic, laying the foundation for the economic developments of the early modern period.