Market Economy in Egypt in the Fatimid Era (358-567 A.H / 968-1171 A.D.)

Abstract

The emergence of the concept of the market was associated with the development of economic activities and trade operations resulting from the division of business, so man relied on production in order to satisfy his needs within the family unit and micro-society, and with the passage of time the productive human capabilities increased, which led to the emergence of a surplus in the economy that contributed to the discovery of the concept of barter ( Swap) between goods before money is used in the advanced stages. The importance of the market in Egypt dates back to the Fatimid era in order to demonstrate its economic impact on the country's prosperity and economic prosperity. As the caravans of merchants came and went carrying the products of the East and the West, markets were established full of various commodities, and measurements, hotels, khans, commercial agencies and other economic institutions were established. The markets formed the honest woman to the reality of the market economy, considering that markets, with the human density they contain, are an indicator that shows the extent of the country's prosperity and depression, security and discipline, or chaos and turmoil. All this gives an indication of the state’s strength and control or its weakness and weakness.