A palatial economy refers to the complex economic system centered around the palaces of elite rulers, particularly in the Aegean Bronze Age. This system involved centralized control of resources, trade, and labor, often relying on tribute from surrounding communities to support the palace's activities and ensure the distribution of goods. The palatial economy played a crucial role in the social and political organization of societies during this period.
congrats on reading the definition of palatial economy. now let's actually learn it.