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Which economic system was primarily practiced in ancient Rome?

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Question: Which economic system was primarily practiced in ancient Rome?

Options:

  1. Feudalism
  2. Mercantilism
  3. Slavery-based economy
  4. Socialism

Correct Answer: Slavery-based economy

Exam Year: 100

Solution: 

Ancient Rome had a slavery-based economy where a significant portion of labor was provided by slaves, impacting various sectors including agriculture and construction.

Which economic system was primarily practiced in ancient Rome?

Practice Questions

Q1
Which economic system was primarily practiced in ancient Rome?
  1. Feudalism
  2. Mercantilism
  3. Slavery-based economy
  4. Socialism

Questions & Step-by-Step Solutions

Which economic system was primarily practiced in ancient Rome?
  • Step 1: Understand what an economic system is. It is how a society organizes the production and distribution of goods and services.
  • Step 2: Identify the main features of ancient Rome's economy. It was heavily reliant on agriculture and construction.
  • Step 3: Recognize the role of slavery in ancient Rome. Many people were enslaved and worked in various sectors.
  • Step 4: Conclude that the economic system in ancient Rome was primarily based on slavery, as slaves provided a large part of the labor force.
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