Economy and Society - Agricultural Economy, Land Tenure

3 important questions on Economy and Society - Agricultural Economy, Land Tenure

Which 2 institutions owned the majority of land

1. Temple
2. Palace

What is market economy (2 characterisations)

1. Law of supply and demand
2. free exchange of goods

Name 6 characterisations of redistribution economy

1. Autocratic state
2. King possessed all the land
3. People pay taxes to king
4. Redistributed among the elite of favourites
5. No market
6. No trade

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