Home  Journals  International Accounting  24(318) - 2014 June

The economy of Medieval Europe in the 15th and 16th centuries

Available online: 5 July 2014

Subject Heading: CHAPTER OF HISTORY

JEL Classification: 

Pages: 52-62

The article considers the basic directions and distinctive features of economic development of the European countries within the feudalism decline period. The process of the creation of centralized states and single market within the designated area as the economic basis coincided with the transition from the traditional feudal system of the economic relations to capitalism. This period is called the initial accumulation. The author pays attention to the state of the agriculture, industrial manufacture, to the development of accounting thought, as well as to the social problems.

Keywords: capital, salaried employee, manufactory, crisis, revolution, colony, price, lease, box office, cashier, accounting, double-entry bookkeeping

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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