Why Did Greek Civilization Go into Decline in the Aftermath

question 49

Essay

Why did Greek civilization go into decline in the aftermath of the Peloponnesian War?

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Definitions:

Equilibrium Price

The market price at which the supply of an item equals the demand for it, leading to a stable market condition.

Black Markets

A market that operates outside the legal system in which either illegal goods are sold or legal goods are sold at illegal prices or terms.

Black Markets

Illicit trade practices where goods or services are sold illegally, either because they are prohibited or to avoid taxation.

Legal Markets

Markets where the trading of goods and services takes place within the framework of laws and regulations established by a government.