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Final answer:
Ancient Egypt's economy involved a peasant class creating art and literature for sale, alongside artisans making goods primarily chosen by the Pharaohs, showing economic specialization.
Explanation:
Ancient Egyptian Economy
A key development in ancient Egypt's economy was the presence of a peasant class that contributed to artistic and literary production for sale. Additionally, skilled artisans created goods that were often selected by the Pharaohs, showcasing a form of economic specialization and trade within the society. However, there was no distinct banking class focused on monetary exchange in ancient Egyptian economy.
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