MGMT 1030 Lecture 1: Early Economies
11 May 2016
School
Department
Course
Professor
Document Summary
Olive oil and wine were important commodities and with metals formed the bulk of greek exports. In return wheat, pork, glass ivory and other materials were imported. The greek trading zone expanded around the mediterranean and into africa and the middle. Forced to go to neighbours for food (buy or conquer) Olive oil and grapes for wines (foundation for trade) Lead is sweet, poisonous, usable in making things. Slaves come from turkey and middle east; they are bought (from egypt, northern slaves (roman) etc. ) Vibrant retail sector: create surplus; not productive if you were a merchant/seller (prejudice) If you have surplus, you should work for community, says economists. As with greece, and every other culture in this period, the economy relied on large numbers of slaves. Rising roman population required more and more food and other goods. This led to imperial expansion across europe, northern africa and the middle east.
