Guilds performed a variety of important functions in the local economy. They established a monopoly of trade in their locality or within a particular branch of industry or commerce; they set and maintained standards for the quality of goods and the integrity of trading practices in that industry; they worked to maintain stable prices for their goods and commodities; and they sought to control town or city governments in order to further the interests of the guild members and achieve their economic objectives.
Producers think of workers in two ways, as consumers and as producers of goods and services.
A producer is responsible for putting on the market services and goods. Producers group included government, businesses, investor and individuals and they can hire workers for producing goods and services for them.
A worker as a consumer buys and pays for goods and services.
A worker as a producer can originate economic value, or produces goods and services.
Answer:
When the war ended, the two super powers had two very different ideas of how Europe should be reconstructed.
