In a command economy, economic effort is devoted to goals passed down from a ruler or ruling class.Ancient Egypt was a good example: A large part of economic life was devoted to building pyramids (like the one at the left), for the pharaohs. Under the direction of the vizier , state officials collected taxes, coordinated irrigation projects to improve crop yield , drafted peasants to work on construction projects, and established a justice system to maintain peace and order. Command economy •In this type of economic system, the government decides how much workers should produce •Rulers and centralized governments impose their economic choices on society in the form of production quotas, etc. The wealth of Egypt was owed in large part to the unrivalled fertility of the Nile, which served as the breadbasket of the Ptolemaic Kingdom. Priests bought linen to have it made into the clothes. 6 0 obj Command economies operate very differently. @7��"�0� They also used the leather traded from other places to be made into their carrying bags by artisans. Horses were not very popular, but donkeys were popularly used as brute force in the field. How much do we know about ancient Egypt’s economy? �s`H�ma���h��r���� Each varies in their ideals and systems of controls. ?CCO�XC$$X��v�z��Ĉ���L�(�Q�Q���d���j��kS �h����V�3��� WN��J��>.�% 4 0 obj Mostly the crops were divided among the citizens of Egypt to live and eat off of.   Most Libyans work for the government. Grade Level: 1 E.S.O. The Nile River allowed them to trade goods all over the country via ships. Create your own unique website with customizable templates. river valleys. �+���p�]�.U�KJ��Jk@�H���ޠ Blog. A tiny percentage of the crops grown on farms were collected for taxes. traditional economy. Important Facts About Command Economies; China, Cuba, North Korea, and the Soviet Union are all examples of modern day command economies. ����h�����0���No��m�B�Cn6�A����8@�@:�?��λ���w��r�1�X�9���n��s� �m�bn7y��}9 ���2�y���S�S}��"���v�.�8y\z��7�@����:�-�� 8{�:�p ��s�[�S �����ƚ���+��\���@w��{q �f;���]9 ��A+����`h���Z�p���S����8дu�h�O�? They were only allowed to trade in marketplaces. Ancient Egypt was a good example: a large part of economic life was devoted to building pyramids for the pharaohs. The economy of Egypt was a highly centralized economy focused on import substitution under president Gamal Abdel Nasser (1954-1970). Most of the harvests of ancient Egypt were wheat and barley, as well as lettuce, grains, onions, figs, dates, grapes, melons and cucumbers. Command economies are very different. Egypt - Egypt - Agriculture and fishing: About 96 percent of Egypt’s total area is desert. << /Type /Page /Parent 3 0 R /Resources 6 0 R /Contents 4 0 R /MediaBox [0 0 612 792] Start studying Ancient Egyptian Economy. For most of the history of ancient Egypt, the Egyptians did not have a currency in the same way we have one today. Ancient Egypt was the longest lasting civilization in the ancient world and lasted for about 2,500 years. Since the 1990s, a series of International Monetary Fund arrangements, coupled with massive external debt relief and U.S. aid, helped Egypt improve its macroeconomic performance.. Economies are not borne in a vacuum. :|W��>$��q Q���;�:or��KU���Hx Ptolemaic Egypt rapidly established itself as an economic powerhouse of the ancient world at the end of the 4th century BCE. Regional facilities provided produce in case there was a shortfall in one of the local centres. Initially, the ancient Egyptians did not have a coinage system, which meant they relied on trading sacks of corn and grain for goods. 13 0 obj But, because the Nile was so fertile, Egypt was able to build a civilization earlier than other places because it could focus on more than just food production. They traded gold, papyrus, linen, and grain for cedar wood, ebony, copper, iron, ivory, and lapis lazuli (a lovely blue gem stone.) The bureaucrats were the ones in charge of public works like reassigning the land after every flooding, assessing the expected crops, collecting part of the produce as taxes, storing and redistributing, all these duties were religious in character and involved tens of thousands of workers and administrators. 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