Palace Economy
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Palace Economy
A palace economy or redistribution economy is a system of economic organization in which a substantial share of the wealth flows into the control of a centralized administration, the palace, and out from there to the general population. In turn the population may be allowed its own sources of income but relies heavily on the wealth distributed by the palace. It was traditionally justified on the principle that the palace was most capable of distributing wealth efficiently for the benefit of society. The temple economy (or temple-state economy) is a similar concept. The concept of economic distribution is at least as old as the advent of the pharaohs. Anthropologists have noted many such systems, from those of tribesmen engaged in common subsistence economies of various sorts to complex civilizations, such as that of the Inca Empire, which assigned segments of the economy to specific villages. The essence of the idea is that a central administration plans production, assign ...
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Economic System
An economic system, or economic order, is a system of Production (economics), production, resource allocation and Distribution (economics), distribution of goods and services within a society or a given geographic area. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of Consumer, consumption that comprise the economic structure of a given community. An economic system is a type of social system. The mode of production is a related concept. All economic systems must confront and solve the four fundamental economic problems: * What kinds and quantities of goods shall be produced: This fundamental economic problem is anchored on the theory of pricing. The theory of pricing, in this context, has to do with the economic decision-making between the production of capital goods and consumer goods in the economy in the face of scarce resources. In this regard, the critical evaluation of the needs of the society based on ...
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Working Capital
Working capital (WC) is a financial metric which represents operating liquidity available to a business, organisation, or other entity, including governmental entities. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Gross working capital is equal to current assets. Working capital is calculated as current assets minus current liabilities. If current assets are less than current liabilities, an entity has a working capital deficiency, also called a working capital deficit and negative working capital. A company can be endowed with assets and profitability but may fall short of liquidity if its assets cannot be readily converted into cash. Positive working capital is required to ensure that a firm is able to continue its operations and that it has sufficient funds to satisfy both maturing short-term debt and upcoming operational expenses. The management of working capital involves managing inventories, accounts receiv ...
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Michael Ventris
Michael George Francis Ventris, (; 12 July 1922 – 6 September 1956) was an English architect, classicist and philologist who deciphered Linear B, the ancient Mycenaean Greek script. A student of languages, Ventris had pursued decipherment as a personal vocation since his adolescence. After creating a new field of study, Ventris died in a car crash a few weeks before the publication of ''Documents in Mycenaean Greek'', written with John Chadwick. Early life and education Ventris was born into a traditional army family. His grandfather, Francis Ventris, was a major-general and Commander of British Forces in China. His father, Edward Francis Vereker Ventris, was a lieutenant-colonel in the Indian Army, who retired early due to ill health. Edward Ventris married Anna Dorothea Janasz (Dora), who was from a wealthy Jewish and Polish paternal background. Michael Ventris was their only child. The family moved to Switzerland for eight years, seeking a healthy environment for Co ...
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Knossos
Knossos (also Cnossos, both pronounced ; grc, Κνωσός, Knōsós, ; Linear B: ''Ko-no-so'') is the largest Bronze Age archaeological site on Crete and has been called Europe's oldest city. Settled as early as the Neolithic period, the name Knossos survives from ancient Greek references to the major city of Crete. The palace of Knossos eventually became the ceremonial and political centre of the Minoan civilization and culture. The palace was abandoned at some unknown time at the end of the Late Bronze Age, c. 1380–1100 BC; the reason is unknown, but one of the many disasters that befell the palace is generally put forward. In the First Palace Period (around 2000 BC), the urban area reached a size of as many as 18,000 people. Spelling The name Knossos was formerly latinization of names, Latinized as Cnossus or Cnossos and occasionally Knossus, Gnossus, or Gnossos but is now almost always written Knossos. Neolithic period The site of Knossos has had a very long history ...
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Arthur Evans
Sir Arthur John Evans (8 July 1851 – 11 July 1941) was a British archaeologist and pioneer in the study of Aegean civilization in the Bronze Age. He is most famous for unearthing the palace of Knossos on the Greek island of Crete. Based on the structures and artifacts found there and throughout the eastern Mediterranean, Evans found that he needed to distinguish the Minoan civilisation from Mycenaean Greece. Evans was also the first to define Cretan scripts Linear A and Linear B, as well as an earlier pictographic writing. Biographical background Family Arthur Evans was born in Nash Mills, Hemel Hempstead, Hertfordshire, England, the first child of John Evans (1823–1908) and Harriet Ann Dickinson (born 1824), the daughter of John's employer, John Dickinson (1782–1869), the inventor and founder of Messrs John Dickinson, a paper mill. John Evans came from a family of men who were both educated and intellectually active but undistinguished by either wealth or aristocratic ...
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Crete
Crete ( el, Κρήτη, translit=, Modern: , Ancient: ) is the largest and most populous of the Greek islands, the 88th largest island in the world and the fifth largest island in the Mediterranean Sea, after Sicily, Sardinia, Cyprus, and Corsica. Crete rests about south of the Greek mainland, and about southwest of Anatolia. Crete has an area of and a coastline of 1,046 km (650 mi). It bounds the southern border of the Aegean Sea, with the Sea of Crete (or North Cretan Sea) to the north and the Libyan Sea (or South Cretan Sea) to the south. Crete and a number of islands and islets that surround it constitute the Region of Crete ( el, Περιφέρεια Κρήτης, links=no), which is the southernmost of the 13 top-level administrative units of Greece, and the fifth most populous of Greece's regions. Its capital and largest city is Heraklion, on the north shore of the island. , the region had a population of 636,504. The Dodecanese are located to the no ...
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Late Bronze Age
The Bronze Age is a historic period, lasting approximately from 3300 BC to 1200 BC, characterized by the use of bronze, the presence of writing in some areas, and other early features of urban civilization. The Bronze Age is the second principal period of the three-age system proposed in 1836 by Christian Jürgensen Thomsen for classifying and studying ancient societies and history. An ancient civilization is deemed to be part of the Bronze Age because it either produced bronze by smelting its own copper and alloying it with tin, arsenic, or other metals, or traded other items for bronze from production areas elsewhere. Bronze is harder and more durable than the other metals available at the time, allowing Bronze Age civilizations to gain a technological advantage. While terrestrial iron is naturally abundant, the higher temperature required for smelting, , in addition to the greater difficulty of working with the metal, placed it out of reach of common use until the end o ...
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Mycenaean Civilization
Mycenaean Greece (or the Mycenaean civilization) was the last phase of the Bronze Age in Ancient Greece, spanning the period from approximately 1750 to 1050 BC.. It represents the first advanced and distinctively Greek civilization in mainland Greece with its palatial states, urban organization, works of art, and writing system.Lazaridis, Iosif et al.Genetic origins of the Minoans and Mycenaeans. ''Nature'', 2017Supplementary Information "The Mycenaeans", pp. 2–3).. The Mycenaeans were mainland Greeks, Greek peoples who were likely stimulated by their contact with insular Minoan civilization, Minoan Crete and other Mediterranean Sea, Mediterranean cultures to develop a more sophisticated sociopolitical culture of their own. The most prominent site was Mycenae, after which the culture of this era is named. Other centers of power that emerged included Pylos, Tiryns, Midea (Argolid), Midea in the Peloponnese, Orchomenus (Boeotia), Orchomenos, Thebes, Greece, Thebes, Athens in Cen ...
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Minoan Civilization
The Minoan civilization was a Bronze Age Aegean civilization on the island of Crete and other Aegean Islands, whose earliest beginnings were from 3500BC, with the complex urban civilization beginning around 2000BC, and then declining from 1450BC until it ended around 1100BC, during the early Greek Dark Ages, part of a wider bronze age collapse around the Mediterranean. It represents the first advanced civilization in Europe, leaving behind a number of massive building complexes, Minoan art, sophisticated art, and writing systems. Its economy benefited from a network of trade around much of the Mediterranean. The civilization was rediscovered at the beginning of the 20th century through the work of British archaeologist Sir Arthur Evans. The name "Minoan" derives from the mythical Minos, King Minos and was coined by Evans, who identified the site at Knossos with the labyrinth of the Minotaur. The Minoan civilization has been described as the earliest of its kind in Europe, and his ...
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Palast Schicht Vii
Palast means ''palace'' in German and may refer to *Palast (surname) *Palast Orchester, a German orchestra based in Berlin *König Palast (Kings Palace), an arena in Krefeld, Germany *Friedrichstadt-Palast, a revue in the Berlin district, Germany *Ufa-Palast am Zoo The Ufa-Palast am Zoo, located near Berlin Zoological Garden in the New West area of Charlottenburg, was a major Berlin cinema owned by Universum Film AG, or Ufa. Opened in 1919 and enlarged in 1925, it was the largest cinema in Germany until 19 ...
, a former major cinema in Berlin {{disambiguation, geo ...
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Palace Of Nestor Plan
A palace is a grand residence, especially a royal residence, or the home of a head of state or some other high-ranking dignitary, such as a bishop or archbishop. The word is derived from the Latin name palātium, for Palatine Hill in Rome which housed the Imperial residences. Most European languages have a version of the term (''palais'', ''palazzo'', ''palacio'', etc.), and many use it for a wider range of buildings than English. In many parts of Europe, the equivalent term is also applied to large private houses in cities, especially of the aristocracy; often the term for a large country house is different. Many historic palaces are now put to other uses such as parliaments, museums, hotels, or office buildings. The word is also sometimes used to describe a lavishly ornate building used for public entertainment or exhibitions such as a movie palace. A palace is distinguished from a castle while the latter clearly is fortified or has the style of a fortification, wherea ...
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