What is meant by a semi-feudal economy?

What is meant by a semi-feudal economy?

Answer:

A semi-feudal economy is an intermediate form of economy that has some characteristics of a feudal economy mixed with elements of other economic forms. In this system, there is partial retainment of feudal structures in relations between lords and serfs or peasants and simultaneous growth of capitalist or industrial ones.

It indicates that in a semi-feudal type of economy, large landlords continue to dominate the economic and political structure particularly when most of them are owners of large agricultural lands. It can be tenant farmers or peasants who work these lands in the tradition of feudal type of practices. But this is slightly different from feudalism in that there is always at least a nominal degree of wage labour and market commerce. In towns, there will be the development of industries and a merchant class, elements of which are contained in capitalism. Another potential issue is that this kind of hybrid typically develops unevenly and tends to compare the modern style economic development system of the city to the traditional structures of the rural countryside. Semi-feudal forms were typical for many developing countries during the period of transition from agrarian to industrial society, and many analysts suppose that some semi-feudal remnants can be observed in some contemporary regions.