Economy and Society - Agricultural Economy, Land Tenure
3 important questions on Economy and Society - Agricultural Economy, Land Tenure
Which 2 institutions owned the majority of land
1. Temple
2. Palace
2. Palace
What is market economy (2 characterisations)
1. Law of supply and demand
2. free exchange of goods
2. free exchange of goods
Name 6 characterisations of redistribution economy
1. Autocratic state
2. King possessed all the land
3. People pay taxes to king
4. Redistributed among the elite of favourites
5. No market
6. No trade
2. King possessed all the land
3. People pay taxes to king
4. Redistributed among the elite of favourites
5. No market
6. No trade
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