Question

write a detailed note on the economy of roman empire? class 11​

Answer 1

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Answer 2

Answer:

During the Roman Republic, the Roman economy was largely agrarian, centered on the trading of commodities such as grain and wine.[2] Financial markets were established through such trade, and financial institutions which extended credit for personal use and public infrastructure, were established primarily through inter-family wealth.[3] In times of agricultural and cash shortfall, Roman officials and moneyers tended to respond by coining money; this happened during the prolonged crisis of the First Punic War, and created economic distortion and difficulties. Beginning in the early Roman Empire, the economy, in the sense of using money to express prices and debts, and a basic banking system was formed.[4] Emperors issued coinage stamped with their portraits to disseminate propaganda, to create public goodwill, and to symbolize their wealth and power.[5] The Roman Imperial economy was often unstable, inflated in part by Emperors who issued money to fund high-profile imperial projects such as public building works, or costly wars that offered opportunities for propaganda, but little or no material gain.[4]

Explanation:

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