Palace economy in the context of "Economic efficiency"

Mycenaean Greece (or the Mycenaean civilization) was the last phase of the Bronze Age in ancient Greece, spanning the period from approximately 1750 to 1050 BC. It represents the first advanced and distinctively Greek civilization in mainland Greece with its palatial states, urban organization, works of art, and writing system. The Mycenaeans were mainland Greek peoples who were likely stimulated by their contact with insular Minoan Crete and other Mediterranean cultures to develop a more sophisticated sociopolitical culture of their own. The most prominent site was Mycenae, after which the culture of this era is named. Other centers of power that emerged included Pylos, Tiryns, and Midea in the Peloponnese, Orchomenos, Thebes, and Athens in Central Greece, and Iolcos in Thessaly. Mycenaean settlements also appeared in Epirus, Macedonia, on islands in the Aegean Sea, on the south-west coast of Asia Minor, and on Cyprus, while Mycenaean-influenced settlements appeared in the Levant and Italy.

The Mycenaean Greeks introduced several innovations in the fields of engineering, architecture and military infrastructure, while trade over vast areas of the Mediterranean was essential for the Mycenaean economy. Their syllabic script, Linear B, offers the first written records of the Greek language, and their religion already included several deities also to be found in the Olympic pantheon. Mycenaean Greece was dominated by a warrior elite society and consisted of a network of palace-centered states that developed rigid hierarchical, political, social, and economic systems. At the head of this society was the king, known as a wanax.

The Late Bronze Age collapse was a period of societal collapse in the Mediterranean basin during the 12th century BC. It is thought to have affected much of the Eastern Mediterranean and Near East, in particular Egypt, Anatolia, the Aegean, eastern Libya, and the Balkans. The collapse was sudden, violent, and culturally disruptive for many Bronze Age civilizations, creating a sharp material decline for the region's previously existing powers.

The palace economy of Mycenaean Greece, the Aegean region, and Anatolia that characterized the Late Bronze Age disintegrated, transforming into the small isolated village cultures of the Greek Dark Ages, which lasted from c. 1100 to c. 750 BC, and were followed by the better-known Archaic Age. The Hittite Empire spanning Anatolia and the Levant collapsed, while states such as the Middle Assyrian Empire in Mesopotamia and the New Kingdom of Egypt survived in weakened forms. Other cultures, such as the Phoenicians, enjoyed increased autonomy and power with the waning military presence of Egypt and Assyria in West Asia.