Economy

= Economy =

===Ancient Greek's economy is nothing like you think it would be, but the word "economy" is actually Greek. It simply means, "rules of a household" and the "nomy" part in Greek meant law. The Greeks' also didn't think about the economy as a whole. This made it rather hard to talk about the government's economic policy. Even without this though people still:===

.
 * made things[[image:G-Trad2.jpg width="245" height="199" align="right" caption="Greek Merchant Ship" link="http://library.thinkquest.org/04oct/01723/G-Trade.htm"]]
 * used things
 * bought things
 * sold thing ←All these things were really what an economy was about

===Since Greece has bodies of water on her sides, many Greeks were sailors. The Greeks found many ways to make money out of sailing. Some of them fished and sold what they caught on the market. Others were traders who went port to port selling and buying things. Many Greeks were soldiers for their own city-state and conquerd other __city-states__ and forced them to pay tribute. Some were even __mercenaries__ who were hired to fight for other countries, like Egypt. Finally, some Greeks were pirates who raided what ever they could and took what they could, but pirates also traded and sometimes fished. Some traders and fishermen would even raid if they got the chance. === ===Since Greece had frequent wars and was colonizing different areas around Greece, they had many slaves. They depended on the slaves much more than the Chinese or Indian civilizations around the same time. The slaves made up a huge part of their labor force. Greece also developed many craft products, but seemed to lack improvement of the manufacturing technology than the neighboring civilizations used.===


 * Some of the words on this page you might not be familiar with so here are two definitions of some words.

__City-States-__
Political system consisting of an independent city with over a fixed surrounding area for which it served as leader of religious, political, economic, and cultural life

__Mercenaries-__
Someone who was hired for service in a foreign army


 * This page was created and edited by Branson.

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Webster Dictionary (Collage Edition)