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the economic system of the Ottoman Empire consists of many key concepts. The Ottomans, like many other civilizations believed in military expansion to boost their economy. They also believed in fiscalism which is the economic theory of fiscal policy. This concept is the expenditures a government undertakes to provide goods and services. The two main practices are taxation and borrowing. Other economic strategies include traditional monopolies and conservative land holding.

As the capitalist system grew in Europe, the Turks methods became less and less useful and ultimately lead to their down fall.

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13y ago
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11y ago

The government of the Ottoman Empire was autocratic. It was ruled by the Sultan of Baghdad, a hereditary position.

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Q: What is the economic system of the Ottoman Empire?
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