Opentopia Directory Encyclopedia Tools

Palace economy

Encyclopedia : P : PA : PAL : Palace economy



 

Economies
Sectors and Systems
  Closed economy
  Dual economy
  Gift economy
  Informal economy
  Market economy
  Mixed economy
  Open economy
Participatory economy
  Planned economy
  Underground economy
Real-World Examples and Models  
  Anglo-Saxon economy
American School
Global economy
Hunter-gatherer economy
  Information economy
New industrial economy
  Palace economy
  Plantation economy
  Social market economy
  Transition economy
Ideologies and Theories
Capitalist economy
Corporate economy
  Natural economy
Socialist economy
  Token economy
[[Portal:Business and Economics|   ]]
[[Portal:Business and Economics>Portal]]
A palace economy is a system of economic organisation in which wealth flows out from a central source (the 'palace'), eventually reaching the common people, who have no other source of income. The division of labour in such an economy leads to a leisured elite, a class of bureaucrats, and a class of subsistence farmers. This system can be seen as a combination of a command economy and a subsistence economy.

Examples were the ancient Mycenaean, Cretan and Minoan societies.

 


From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.


Search Titles
0123456789
ABCDEFGHIJ
KLMNOPQRST
UVWXYZ?

E-mail this article to:

Personal Message: