With reference to the following explain the main features of the Rig Vedic Economy:

(a) Agriculture

(b) Domestication of Animals

(c) Trade Transactions, Crafts and Transportation

With reference to the given headings, the economic life of the Rig Vedic Aryans is explained as follows: 

(a) Agriculture: The Rig Vedic Aryans were mainly scattered in villages. They frequently prayed for plentiful rain and bountiful harvest, large herds of cattle and good health. It shows that agriculture was an important occupation of the village folk. However, the only grain referred to in the Rig Veda is Yava which could mean grain in general or barley in particular. 

(b) Domestication of Animals: The Rig Vedic Aryans had mainly a pastoral economy. Cattle formed an important item of dona (gifts) made to the priests. The word Gomat was used to signify a wealthy person. It meant the one who possessed many cattle, especially the cows and bulls. Other domesticated animals were the ox, the horse, the dog, the goat and the sheep. 

(c) Trade Transactions, Crafts and Transportation: The people were engaged in trade, cloth and leather goods being the main items. The barter system practiced for trade transactions. The cow was the standard unit of value. Men and women were engaged in weaving cloth. The metal-workers or the smiths were skilled in making weapons, implements and ornaments. The metal ayas mentioned in the Rig Veda is generally taken to mean copper or bronze, although it has been understood as iron also. They used horses and bullocks for carrying goods from place to place. They also transported goods through the inland rivers