From subsistence living to complex economies—how did economic systems evolve? This book explores the evolution of economic systems from ancient times when economies were predominantly based on agriculture and trade to the sophisticated economic structures of today. It discusses the role of innovation, regulation, and market forces in shaping economies. The book provides insights into the development of economic theories, practices, and policies that have influenced societal growth and development. Readers will gain an understanding of how economies function and the factors that drive economic change.