Animals played a major role in Indus agriculture. The main domestic animals were cattle, but sheep, goats, and other animals were also kept, their relative importance relating to local environmental conditions and no doubt to other factors. Raising livestock was a useful investment against crop failure. In good years, when crop yields were high, grazing would also be good and [...]
In this article we will discuss about:- 1. Introduction to the Buddhist Economy 2. Industrial Specialization of the Buddhist Economy 3. Exchange Mechanism. Introduction to the Buddhist Economy: The Buddhist concept and practice of economy was based chiefly on a system of village communities of landowners, or what in Europe is known as peasant proprietorship. The Jataka bears very clear [...]
In this article we will discuss about the state revenue and trade practices followed in the Buddhist economy. State Revenue during Buddhist Economy: We have no direct evidence of such a tithe or other tax being levied on the commonwealth by any of the republics or oligarchies mentioned in the Buddhist canon, such as the Sakiyas, Koliyas, Licchavis, Mallas, etc. [...]