What are the main differences between ancient economy and modern economy?
- capitalgentlemanLv 7hace 1 mes
Ancient economies were based on the trade of "real" things. I.e., money had an actual intrinsic value. It doesn't any more. Money is only worth something today because people treat it as if it is.
- LudwigLv 7hace 1 mes
Which ancient economy, what modern economy?
- TheSicilianSageLv 7hace 1 mes
Banks and Financial instruments.
- EnguerarrardLv 7hace 1 mes
A basic answer is the sectors. Modern economies have financial, banking, transportation, manufacturing, electronics, mining, shipping, health care, and so on. Ancient economies were dominated by agriculture, mining, and commerce (including luxury goods). Oh, and the slave trade.