Economies refer to the systems and processes through which societies produce, distribute, and consume goods and services. They involve factors such as resources, labor, technology, and trade.
Related terms
Commercial Revolution: A period of European economic expansion during the late Middle Ages characterized by increased overseas trade and advancements in banking.
Silk Road: An ancient network of trade routes connecting Asia with Europe and Africa, facilitating cultural exchange along with the movement of goods.
Cottage Industry: A form of decentralized manufacturing where production was done in small workshops or homes before factories became prevalent.