What economic system did the Feudal City have?

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What economic system did the Feudal City have? 

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A feudal system, generally referred to as feudalism, is a kind of political and social system in which landowners provide peasants with entry to their properties in compensation for their service as well as loyalty. In political discourse, the phrase "feudal system" is sometimes used in a much broader sense to denote an antiquated, exploitative system of administration. This term may or may not truly relate to arrangements that have nothing to do with historic feudal systems.

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