Byzantine Economy

The Byzantine economy was a complex system that thrived during the Byzantine Empire, known for its strategic location and trade. It combined agriculture, craftsmanship, and trade, with Constantinople as a key commercial hub. The state played a significant role, regulating prices and controlling resources, particularly in key industries like silk production. Currency, particularly the gold solidus, facilitated trade across regions. The economy also included a significant emphasis on taxation and land ownership. Overall, Byzantine economic practices helped sustain the empire’s longevity and influence through effective resource management and trade networks.