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what are the economics of ancient greece?

The economy of Ancient Greece was dependent on imported goods all around the region. Craftsmanship, commerce and maritime were also an integral part of the economy.

Ancient Greece gave utmost important to the agricultural trade as the land had limited fertility. This lead to limited agricultural production, including the production of oil-producing plants, herbs, orchids and grapevines. The agricultural sector consisted of more than 80% of the population involved in it. Animals like sheep and goats were kept as livestock. The only source of sugar for the economy was the honey produced by bees.

The people were also involved in activities such as craftsmanship including pottery and metalwork. Most of the pottery was for creating domestic items. As for metalwork, metal ore deposits are found easily in Greece. When the people of Athens understood mining, the development of the city started at a good pace and continued. Trade through sea played an important role in the the development of techniques to keep finances in check. The taxes were more of indirect nature than the direct. Coins were means of exchange in the economy. The economy continued to flourish with every new thing discovered by the people.

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