Feudalism is based on lordship of land, and peasantry paying rent in kind, ie agricultural produce and a portion of their production. Capitalism is based on wage labor and flow of commodities, industrialized production, etc. Feudal farming vs capitalist farming is quite stark, as an example.
Feudalism is based on lordship of land, and peasantry paying rent in kind, ie agricultural produce and a portion of their production. Capitalism is based on wage labor and flow of commodities, industrialized production, etc. Feudal farming vs capitalist farming is quite stark, as an example.