What was the economic structure of Vedic period?
Economy. Economy in the Vedic period was sustained by a combination of pastoralism and agriculture. There are references, in the Rigveda, to the leveling of fields, seed processing, and storage of grains in large jars. War bounty was also a major source of wealth.
What are the features of Rig Vedic economy?
The economy of the Vedic Period
| Features | Early Vedic Period |
|---|---|
| Economy | Pastoral economy: Cattle rearing was the main occupation The measure of wealth was cattle and wealthy man was called Gomat |
| Trade and Commerce | Meagre evidence of Trade and commerce No concept of private property Unite of currency was Nishka |
What was the economic life of the Vedic Aryans?
agriculture
The main occupation of the people was cattle rearing and their wealth was measured in number of cattle. They practiced agriculture by clearing the forests. Metals used were copper, iron and bronze. Few people worked as goldsmith, potters, spinners and carpenters.
How did the economy flourish during the Vedic age?
The Vedic texts refer to sea and sea voyages. This shows that now sea-borne trade was carried on by the Aryans. Money lending was a flourishing business. The references to the word Sreshthin indicates that there were rich traders and probably they were organized into guilds.
What is Rigvedic period?
Rig Vedic Period – 1500 BC – 1000 BC. The cities of the Harappan Culture had declined by 1900 BC. During the Rig Vedic period, the Aryans were mostly confined to the Indus region, modern day Pakistan. The Rig Veda refers to Saptasindhu or the land of seven rivers.
What were the two main sources of economy in Vedic age?
In the early vedic age, economy was agro-pastoral in character. The income sources are combined into five components: wages and salaries, self-employment income (farm and non-farm), government transfer payments, investment income and other income.
What are the main features of Rigvedic economy society and polity?
The economic life of the Rig Vedic people was sustained by a combination of agriculture, cattle rearing, trade, and commerce. The Rig Veda attached great importance to agriculture. In the early Vedic period the Aryans were depending mainly on a pastoral economy, their main occupation was cattle-breeding.
What were the economic activity of the Vedic people?
Agriculture was the main occupation of the people. Wheat, barley and rice were some crops that were grown. Trade was also an important profession.
What is Rig Vedic society?
The Kula or family was the basic unit of Rig-Vedic society. The Kula was headed by a Kulapa, who was usually the eldest member. Society was essentially patriarchal and birth of son was desired repeatedly. Status of women was equal to men in the early Rig-Vedic society. Both polygamy and polyandry were in vogue.
What was the nature of Rigvedic society and economy?
Rig Vedic economy was primarily pastoral. They domesticated Pashu (which included cattle, horse and even human beings), as opposed to Mriga, i.e. wild animals. Cattle was synonymous with wealth and a wealthy person was called Gomat.