Difference between revisions of "Economics"
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*Economics played a large role in the successes and failures of urban life. In industrialized and commerce-based societies, people can exchange many things. In order for industrial societies to survive, they needed to have organized markets for land, labor and money. In the form of economy known as capitalism, the value of goods and services is disconnected from the people who produce them. In early societies, the economy was not well organized, so problems occurred. For example, with the domestication of animals, herders with more animals gradually acquired more animals and economic values of members in the early towns and villages in the Fertile Crescent became more unbalanced. With unbalanced wealth crime could go up and a large part of the population could become very poor and struggle to survive. | *Economics played a large role in the successes and failures of urban life. In industrialized and commerce-based societies, people can exchange many things. In order for industrial societies to survive, they needed to have organized markets for land, labor and money. In the form of economy known as capitalism, the value of goods and services is disconnected from the people who produce them. In early societies, the economy was not well organized, so problems occurred. For example, with the domestication of animals, herders with more animals gradually acquired more animals and economic values of members in the early towns and villages in the Fertile Crescent became more unbalanced. With unbalanced wealth crime could go up and a large part of the population could become very poor and struggle to survive. | ||
| − | '''Sources | + | '''Sources''' |
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| + | Manual for Cultural Foundations of Ancient Civilizations, compiled by Rosie Beniretto and Clay Elliot | ||
Revision as of 21:03, 11 October 2011
Economics
Overview
- Economics played a large role in the successes and failures of urban life. In industrialized and commerce-based societies, people can exchange many things. In order for industrial societies to survive, they needed to have organized markets for land, labor and money. In the form of economy known as capitalism, the value of goods and services is disconnected from the people who produce them. In early societies, the economy was not well organized, so problems occurred. For example, with the domestication of animals, herders with more animals gradually acquired more animals and economic values of members in the early towns and villages in the Fertile Crescent became more unbalanced. With unbalanced wealth crime could go up and a large part of the population could become very poor and struggle to survive.
Sources
Manual for Cultural Foundations of Ancient Civilizations, compiled by Rosie Beniretto and Clay Elliot
