What are the main distinguishing features of the Asiatic economic system?

Answers

Characteristics or main features
1) Labour is organized on the basis of village/community but the family or
kinship group is the basic unit of production of goods for consumption and of
commodities for exchange.
2) Intra and inter-community exchange or trade is based on the exchange of
goods at family units and community levels.
3) Each family unit’s total income is determined by the size, composition and
productivity of family members and the extent of internal exploitation (of
resources) carried out by family members.
4) The artisan industry is dependent on the needs of the artisan producer and of
the immediate community.
5) The state organizes inter-community trade.
6) The state intervenes directly in the production process and contributes to the
reproduction of the social formation.
7) The state appropriates surplus labour from the communities especially in the
form of rent-in-kind i.e. state taxes
8) The overall structure of the Asiatic economic system remained extremely
stable even under different leaders.
9) Factors of production e.g. land are owned communally at village levels but the
state organise their utilization.
10) The state organizes communal labour to work on various productive activities
e.g. on village farm lands, irrigation works etc.
11) Individual producers are not alienated from the basic means and factors of
production.
12) A despotic King or Monarch heads a government system that uses its
ideological institutions to intervene in and control the production and
exchange process.

Titany answered the question on December 8, 2021 at 07:02

Next: Describe The Relations of Production in the Feudal Society
Previous: Describe the relations of production in the Asiatic economic system

View More World Economic Systems Up To 1914 Questions and Answers | Return to Questions Index

What are the main distinguishing features of the Asiatic economic system?

Answers

Exams With Marking Schemes

Related Questions