Ancient Economy

The Ancient Economy refers to the way economies functioned in ancient times, primarily based on agriculture, local trade, and resource management. It was largely focused on meeting the immediate needs of communities rather than long-term market expansion or complex financial systems. Wealth was often measured in land, livestock, or commodities, and economic activities were typically controlled by local rulers or temples. Transactions were based on barter or simple exchanges, with limited use of currency. Overall, the Ancient Economy was characterized by self-sufficiency, close community ties, and a relatively straightforward approach to production and distribution.