Economy
The Hoysala administration supported itself through revenues from an agrarian economy. The kings gave grants of land as rewards for service to beneficiaries who then became landlords to tenants producing agricultural goods and forest products. There were two types of landlords (gavunda); gavunda of people (praja gavunda) was lower in status than the wealthy lord of gavundas (prabhu gavunda). The highlands (malnad regions) with its temperate climate was suitable for raising cattle and the planting of orchards and spices. Paddy and corn were staple crops in the tropical plains (Bailnad). The Hoysalas collected taxes on irrigation systems including tanks, reservoirs with sluices, canals and wells which were built and maintained at the expense of local villagers. Irrigation tanks such as Vishnusagara, Shantisagara, Ballalarayasagara were created at the expense of the state.
Importing horses for use as general transportation and in army cavalries of Indian kingdoms was a flourishing business on the western seaboard. The forests were harvested for rich woods such as teak which was exported through ports located in the area of present day Kerala. Sung dynasty records from China mention the presence of Indian merchants in ports of South China, indicating active trade with overseas kingdoms. South India exported textiles, spices, medicinal plants, precious stones, pottery, salt made from salt pans, jewels, gold, ivory, rhino horn, ebony, aloe wood, perfumes, sandalwood, camphor and condiments to China, Dhofar, Aden, and Siraf (the entryport to Egypt, Arabia and Persia). Architects (Vishwakarmas), sculptors, quarry workers, goldsmiths and other skilled craftsmen whose trade directly or indirectly related to temple construction were also prosperous due to the vigorous temple building activities.
The village assembly was responsible for collecting government land taxes. Land revenue was called Siddhaya and included the original assessment (Kula) plus various cesses. Taxes were levied on professions, marriages, goods in transit on chariots or carriages, and domesticated animals. Taxes on commodities (gold, precious stones, perfumes, sandalwood, ropes, yarn, housing, hearths, shops, cattle pans, sugarcane presses) as well as produce (black pepper, betel leaves, ghee, paddy, spices, palm leaves, coconuts, sugar) are noted in village records. The village assembly could levy a tax for a specific purpose such as construction of a water tank.
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Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)