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What Is The Economy Of Ancient Rome: Market Based Competitive Economy?

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The economy of Ancient Rome was essentially a market based competitive economy; capitalistic in nature (Milani, G, n.d.). Their economy was fundamentally defined by the production and distribution of foodstuffs and agriculture was the main occupation of the majority of the population.
Farmers would donate their surplus crops to the government instead of paying monetary tax. This system allowed republican and imperial rulers to gain popularity of the masses through free grain distribution. Farmers, therefore, lacked incentive to increase productivity (UNVR History, 2017). Citizens of Rome had grown dependent on the free grain distributions and the need to secure grain provinces led to expansion and conquests of the Roman state.
Provinces of

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