Question

Why is the ancient economic system known as the village based economic system?

Answer 1

Explanation:

Answer-- The period was marked by intensive trade activity and urban development.

Hope this helps you

Answer 2

The ancient economic system is known as the village-based economic system due to the reason that in ancient times there was not much manufacturing units present and manufactured or processed goods were not traded. The main goods that were traded were either the natural things obtained directly from nature or the local produce.

The ancient society was completely agricultural-based society and that is the reason why why the ancient society is considered or known as village-based economic society or system.