Palace Economy is a system of economic organisation in which wealth flows out from a central source, eventually reaching the common people, who have no other source of income. It is a specific type of redistribution system in which the economic activities of the civilization are conducted on or near the premises of central administration complexes, the palaces of absolute monarchs. This system can be seen as a combination of a command economy and a subsistence economy.
More Post
-
Investment Fund
-
Sample Cover Letter and Job Application for Dental Hygienist
-
Top Features of Smartphone
-
Project on A feasibility study on Desh Agro base Farm (Part 2)
-
A Mouse Study Demonstrates the Potential for Gene Editing to Treat Mitochondrial Disorders
-
The Effect of the Use and Production of Polybags