A Merchant Guild is an association of traders and merchants that emerged in medieval Europe. These organizations were formed to protect the interests of their members, regulate trade practices, and ensure fair competition. They often set standards for quality, prices, and working conditions, helping to create a stable economic environment. Members of a merchant guild typically enjoyed various benefits, such as access to exclusive markets and protection from unfair practices. They also played a significant role in local economies, contributing to the growth of cities and trade routes. Notable examples include the Hanseatic League and the Merchant Adventurers.