Facts About The Economy in Ancient Egypt

Name: Cairo Top Tours
Address: Egypt - Giza - Al-Ahram St.5th Hassan Said St. from Ahram St Giza P.O. Box 6, Egypt, EG
Telephone: +201022772955
Price range: 40$

Latest Articles

Ancient Egyptian Language

Text messages were not sent with pyramids. However, a block of the pyramid presented by King Pepi I in 1880 alarmed the new Gaston Maspero, who convinces Mariette to uncover the remains of another pyramid, the Kings of Mererer, at the end of December. Then there came a fantastic discovery: the walls were covered in Egyptian hieroglyphic columns.
Writing in Ancient Egypt

Published around 3100 BC, hieroglyphic script was used. They are graven, sacred symbols that bear the gods' utterances and convey the sounds, meanings, and symbols of the drawings they speak.
Astronomy in Ancient Egypt

Astronomy was significant to the Egyptian way of life. The ancient Egyptians were able to anticipate the Nile River's floods and plan agricultural activities by using the celestial vault to create the earliest calendars and sundials.
Science in Ancient Egypt

The agricultural system of ancient Egypt is connected to its science. The ancient Egyptians created a calendar that divided the year into 365 days in order to control the development of rich land along the flow of the Nile, favoring astronomical study.
Ancient Egyptian Social Structure

Ancient Egypt's social and organizational structure was arranged into hierarchical levels, with the monarch at the top. The top of Ancient Egypt's political-social structure was the pharaoh. The pharaoh, who inherited his position at the top of the hierarchical power structure, is the ultimate ruler in the state system.
Ancient Egyptian Civilization

Egypt is regarded as the land of civilizations from the beginning of time because civilizations were founded there on the banks of the Nile River, which is revered by both ancient and modern Egyptians as a symbol of stability and fertility. The ancient Egyptian civilizations predate Christ by more than 5500 years. The ancient Egyptian civilization started when King Narmer, also known as Minis, united these two kingdoms under his authority.

Facts About The Economy in Ancient Egypt

05 16, 2023

Facts About The Economy in Ancient Egypt

Ancient Egypt was essentially a so-called supply state. Consumer products were delivered to state institutions or temples, which in turn distributed food and other rationed goods to the population: on the basis of a fair assessment of each individual's needs.

Excess goods could be traded to local markets; a system that helped fill gaps in the flow of supply. Trade between regions was managed by enterprises that traded their own surplus production. There were merchants working for these organisations, acting as agents in the exchange of goods.

Their task was to trade the surplus of the enterprises they represented; in exchange for the most valuable goods. It was only in the New Kingdom that merchants who worked for private profit in Ancient Egypt emerged. The barter system is the oldest system of market trade; a system that involves obtaining a good in exchange for another good, rather than for a sum of money. The nature of this system makes it difficult to identify the buyer or seller in ancient Egyptian frescoes and bas-reliefs, but the distinction is possible.

Sellers are usually shown sitting on the floor or on a low bench calling out their wares, while buyers are shown standing, often with a shopping bag dangling from their shoulder, responding to what they can offer in return. Market staples such as bread, beer, fresh and dry fish, and vegetables are displayed. Sandals made of leather or muslin (samar), large flame ventilation fans, walking sticks with handles, furniture, headrests, ceramic vessels, copper artefacts such as mirrors, fishing hooks and chisels, as well as ointments and oils, are offered as barter goods.

The ability to trade in more valuable goods is demonstrated by the trade in linen. This cloth came from state-run weaving workshops and was sold at a fixed price based on a value standard. Two standards of value were applied to determine the price of goods; one was the ‘haqqat’ scale, which evolved from the cultivation of grain and was used to determine the quantity of goods for which payment was made. The other was the ‘shat’ which was the absolute standard of value.

Share On Social Media:

Egypt Tours FAQ

Read top Egypt tours FAQs

The economy of Ancient Egypt was primarily agrarian. It relied heavily on agriculture, with the Nile River playing a crucial role in providing fertile soil for farming. The ancient Egyptians cultivated crops like wheat, barley, and flax, and they also engaged in trade, exporting goods like grain, papyrus, and precious metals.

;