What was the economic development of ancient Greece?

Answer 1

According to modern research, specially by Ian Morris, in his paper Economic Growth in Ancient Greece and by Morgen Herman Hanser demographic studies on the total population of the ancient Greek polis civilization show that ancient Greece experienced significant economic growth and development, by pre-industrial standards.

From the 8th century BCE to the 4th century BCE, the median size of houses floor plans excavated from the ruins of ancient greek cities increased from 45-50 square meters to 230 square meters. While the number of shipwrecks found and dated in the mediterranean sea continuously increased from th 8th century BCE to the 4th.

Ancient Greek cities had developed sophisticated economic institutions for the time, as money entered in general use in the 6th and 5th centuries BCE, while banking and other commercial institutions flourished in Athens by the 5th century BCE. Trade was very important for the Ancient Greek economy, as Hansen suggested that half of the total food consumption of the Greek mainland was satisfied by imports.