On what was ancient egypts economy based?

Answer 1

ancient Egypt's economy was based on agriculture and trading in surplus produce. Trade helped them expand there civilization.

Answer 2

ancient Egypt's economy was based on agriculture and trading in surplus produce. Trade helped them expand there civilization.

Answer 3

We have very little knowledge of this. What has surfaced, is that the Ancient Pharoh period Egyptians appeared to have a moneyless economy. There is no evidence of any sort of coinage, paper money ( they did develop paper, by the way) or anything remotely like Banks, storage vaults for Gold Ingots, etc. As far as we know they had a moneyless economy- Howver they also had slaves for the heavy labor. From what has surfaced the sophisticated Egyptians were quite intellectual and interestingy enough did not have a formal judicial system either. Crime was very low and not a major social problem of the society- contrast Robin Hood, Black Bart, et al! And all this in a Pagan society. It is interesting.

Answer 4

ancient Egypt's economy was based on agriculture and trading in surplus produce. Trade helped them expand there civilization.