What was a major economic issue faced by the Byzantine Empire as it declined?

Question

What was a major economic issue faced by the Byzantine Empire as it declined?

A. Inflation

B. Surplus of resources

C.Shrinking tax base

D. Decrease in trade

Answer 1

A major economic issue faced by the Byzantine Empire as it declined was C. Shrinking tax base. As the empire contracted in size and lost territories, there was a decline in the population and economic activity, which in turn led to a reduced ability to collect taxes and sustain the empire's financial needs. While inflation and decreased trade also posed challenges, the shrinking tax base was a particularly critical issue contributing to the empire's overall decline.