Economy in the Land of the Pharaohs

byTulika Prashant

Ancient Egypt was situated in northeastern Africa, along the banks of the Nile River. Today, its territory largely aligns with the modern nation of Egypt. Economics in ancient Egypt was largely centred around agriculture, given the fertile lands along the Nile River. However, trade and commerce also played a significant role in Egyptians’ economic activities. Let’s look at some of the key elements of ancient Egypt’s economy.

Artist’s Impression of Ancient Egypt AgricultureThe Nile River provided fertile soil due to its annual flooding, which helped Egyptians grow many types of crops such as wheat, barley, flax and papyrus. The surplus yield was stored not only for times of scarcity, but also for trading.TradeEgypt