Merchant guilds were associations of merchants and traders in medieval Europe that sought to maintain a monopoly over a town's trade and protect their economic interests.
Monopoly: A situation where a single company or group exclusively controls the supply or trade in a commodity or service.
Medieval Europe: The period in European history from the 5th century to the 15th century, characterized by feudalism, manorialism, the Crusades, and eventually leading up to the Renaissance.
Trade Routes: Paths used on land or sea primarily for the transport of goods from one place to another.
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