Economy
Polities were situated in the alluvial flats of tributary river valleys and the mouth of the Nakdong. In particular, the mouth of the Nakdong has fertile plains, direct access to the sea, and rich iron deposits. Gaya polities had economies that were based on agriculture, fishing, casting, and long-distance trade. They were particularly known for its iron-working, as Byeonhan had been before it. Gaya polities exported abundant quantities of iron ore, iron armor, and other weaponry to Baekje and the Kingdom of Wa in Yamato period Japan. In contrast to the largely commercial and non-political ties of Byeonhan, Gaya polities seem to have attempted to maintain strong political ties with those kingdoms as well.
Read more about this topic: Gaya Confederacy
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)