prepare a note on social and economic inequalitys that existed in medival India
Answers
Social inequality occurs when resources in a given society are distributed unevenly, typically ... Social inequality linked to economic inequality, usually described on the basis of the ... The term "meritocracy" was coined by Michael Young in his 1958 dystopian essay "The Rise of the Meritocracy" to demonstrate the social ...
Explanation:
The economic history of India begins with the Indus Valley Civilisation (3300–1300 BCE), whose economy appears to have depended significantly on trade and examples of overseas trade. The Vedic period saw countable units of precious metal being used for exchange. The term Nishka appears in this sense in the Rigveda.Historically, India was the largest economy in the world for most of the next three millennia, starting around the 1st millennia BCE and ending around the beginning of British Raj.
Around 600 BCE, the Mahajanapadas minted punch-marked silver coins. The period was marked by intensive trade activity and urban development. By 300 BCE, the Maurya Empire had united most of the Indian subcontinent except Tamilakam, which was ruled by Three Crowned Kings
The Maurya Empire was followed by classical and early medieval kingdoms, including the Cholas, Pandyas, Cheras, Guptas, Western Gangas, Harsha, Palas, Rashtrakutas and Hoysalas. During this period, Between 1 CE and 1000 CE, the Indian subcontinent is estimated to have accounted for one-third, to one-fourth of the world's population, and product, though GDP per capita was stagnant. According to the Balance of Economic Power, India had the largest economy for most of the interval between the 1st century and 18th century, the most of any region for a large part of the last two millennia.
India experienced per-capita GDP growth in the high medieval era after 1000 CE, during the Delhi Sultanate in the north and Vijayanagara Empire in the south, but was not as productive as Ming China until the 16th century. By the late 17th century, most of the Indian subcontinent had been reunited under the Mughal Empire, which became the largest economy and manufacturing power in the world, producing about a quarter of global GDP, before fragmenting and being conquered over the next century