Economy


Economy
   The Egyptian economy was primarily based on agriculture as the fertility of the soil engendered by the Nile flood allowed a crop surplus to fulfill the population’s basic food needs. The excess crops could be collected, stored, and recirculated. Egypt’s natural resources provided for most mineral needs, in particular control of the gold mines of Nubia.
   Egypt never developed a monetary economy, but a sophisticated barter system was used. Goods were valued in measures of wheat if of low worth, or weights of copper, silver or gold for more highly valued objects. These items would be paid for with goods of a similar value and not usually with the materials used in the valuation. Major imports were normally received as part of state diplomatic relations. These included wood from Lebanon, tin, lapis lazuli, and other luxury goods accepted as tribute when Egypt was strong or reciprocated with such Egyptian products as gold. There is little evidence of a strong merchant class in Egypt, and foreign trade, not on the diplomatic level, appears to have been carried out by foreigners based in their own quarters in Memphisor later in such special areas as Naukratis.
   See also Travel.
Historical Dictionary Of Ancient Egypt by Morris L. Bierbrier

Ancient Egypt. A Reference Guide. . 2011.

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  • economy — e*con o*my ([ e]*k[o^]n [ o]*m[y^]), n.; pl. {Economies} ([ e]*k[o^]n [ o]*m[i^]z). [F. [ e]conomie, L. oeconomia household management, fr. Gr. o ikonomi a, fr. o ikono mos one managing a household; o i^kos house (akin to L. vicus village, E.… …   The Collaborative International Dictionary of English

  • Economy 10 — is the name of a tariff provided by United Kingdom electricity suppliers. Similar to the Economy 7 this is designed to be used with storage heaters or warm air heating. In contrast to Economy 7, which only provides off peak electricity during… …   Wikipedia

  • Economy 7 — is the name of a tariff provided by United Kingdom electricity suppliers that uses base load generation to provide cheap night time electricity.Houses using the Economy 7 tariff require a special electricity meter which provides two different… …   Wikipedia

  • Economy — Economy, IN U.S. town in Indiana Population (2000): 200 Housing Units (2000): 79 Land area (2000): 0.096963 sq. miles (0.251134 sq. km) Water area (2000): 0.000000 sq. miles (0.000000 sq. km) Total area (2000): 0.096963 sq. miles (0.251134 sq.… …   StarDict's U.S. Gazetteer Places

  • economy — [i kän′ə mē, ēkän′ə mē] n. pl. economies [L oeconomia < Gr oikonomia, management of a household or state, public revenue < oikonomos, manager < oikos, house (see ECO ) + nomia, NOMY] 1. the management of the income, expenditures, etc. of …   English World dictionary

  • economy — ► NOUN (pl. economies) 1) the state of a country or region in terms of the production and consumption of goods and services and the supply of money. 2) careful management of available resources. 3) a financial saving. 4) (also economy class) the… …   English terms dictionary

  • Economy, IN — U.S. town in Indiana Population (2000): 200 Housing Units (2000): 79 Land area (2000): 0.096963 sq. miles (0.251134 sq. km) Water area (2000): 0.000000 sq. miles (0.000000 sq. km) Total area (2000): 0.096963 sq. miles (0.251134 sq. km) FIPS code …   StarDict's U.S. Gazetteer Places

  • Economy, PA — U.S. borough in Pennsylvania Population (2000): 9363 Housing Units (2000): 3629 Land area (2000): 17.698873 sq. miles (45.839868 sq. km) Water area (2000): 0.069934 sq. miles (0.181128 sq. km) Total area (2000): 17.768807 sq. miles (46.020996 sq …   StarDict's U.S. Gazetteer Places

  • Economy A+ — (Познань,Польша) Категория отеля: Адрес: Plac Kolegiacki 9/4, Старе Място, 61 841 Познан …   Каталог отелей

  • Econŏmy — Econŏmy, 1) Städtischer Bezirk mit Postamt (Post township in der Grafschaft Beaverim Staate Pennsylvanien (Nordamerika) am Ohio River; 1500 Ew.; 2) Postort darin, am Ohio Pennsylvania Eisenbahn. Deutsche Ansiedelung (ursprünglich Harmonie genannt …   Pierer's Universal-Lexikon

  • Economy — (spr. ikónnomi), Ort in Pennsylvanien, Grafschaft Beaver, am Ohio, 1825 von Georg Rapp (s. d.) nach den Grundsätzen der Gütergemeinschaft und Ehelosigkeit gegründet, mit (1900) 1062 Einw …   Meyers Großes Konversations-Lexikon