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As far as we know, they did not a standardized medium of exchange- that is Money. The Egyptian kingdom operated on a moneyless economy- though they did have a slave system ( possibly prisoners of war or of criminal cases) and a rigid caste structure- nothing along the lines of coinage, paper money- gold or silver ingots- or anything resembling Banks or Mints- have ever been recovered or dug up- in a country as thoroughly explored by archaeologists as Egypt. another oddity was they did not draw in perspective, despite the fact the Pyramid is one of the 5 Platonic solids! My Dad, who had some background as an art student, could never figure this one out!

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11y ago
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13y ago

these websites will help you:

http://www.riverschool.org/students/work/culture.e.econ.htm

http://www.egyptiandiamond.com/ancient-egyptian-economy.php

http://lexicorient.com/e.o/egypt.ancient.economy.htm

http://www.megaessays.com/viewpaper/3141.html

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11y ago

They had a money system but only differently. They traded gold and of course as you know they had slaves so you had to be a government official to deal with economy.

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Q: How advanced is the economy in ancient Egypt?
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Related questions

Did ancient Egypt have advanced technology?

None that we know of as advanced.


Why are the languages more advanced then the ancient Egypt?

Ancient Egyptian Heiroglyphs are pretty advanced. Maybe google it?


What ancient Egypt economy based on?

ancient Egypt's economy was based on agriculture and trading in surplus produce. Trade helped them expand there civilization.


What type of economy was ancient Egypt?

traditional


How did ancient Egypt's economy grow?

trade


'What was the economy of ancient Egypt based on'?

The ancient egypts ecomomy is based on surplus and crops


What made ancient Egypt survive?

Their great economy and governmet


What did the economy of ancient Egypt rely most heavily on?

Agriculture


What was ancient Egypt's great center for advanced study?

The library at Alexandria


Was the Egyptian economy successful?

If you mean ancient Egypt: by and large, it was. If you mean modern Egypt: by and large, it is not.


What are the economic patterns of ancient Egypt?

The economy of pharaonic Egypt has been called an ancient command economy, but one should always remember that such modern definitions are not as apt as one would hope for.


What tells us that Egypt was more advanced than other civilizations?

Ancient Egypt displayed their advanced ancient civilization by keeping written records of their history and building pyramids that required excellent engineering skills.