Describe the economic scenario of the Roman Empire?(class-11 ncert, marks-4)
Answers
Explanation:
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Ancient Rome was an agrarian and slave based economy whose main concern was feeding the vast number of citizens and legionaries who populated the Mediterranean region. Agriculture and trade dominated Roman economic fortunes, only supplemented by small scale industrial production.
The staple crops of Roman farmers in Italy were various grains, olives, and grapes. Olive oil and wine, outside of direct food stuffs, were among the most important products in the ancient civilized world and led Italy's exports. Romans did use a limited form of two tier crop rotation, but crop production was largely low output and required a vast number of slaves to operate at any volume.
Farmers could donate surplus crops to the government in lieu of a monetary tax. This system allowed both Republican and Imperial rulers to gain popularity with the masses through free grain distribution and also help to feed the legions at no direct monetary cost. Unfortunately it also left farmers with little incentive to increase productivity or output, since more crop translated to more taxes (and more free grain distributions). Citizens grew dependent on these grain doles and the large volume of trade that ensued
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