Main article: Economy of Scotland in the High Middle Ages

The Scottish economy of this period was dominated by agriculture and by short-distance, local trade. There was an increasing amount of foreign trade in the period, as well as exchange gained by means of military plunder. By the end of this period, coins were replacing barter goods, but for most of this period most exchange was done without the use of metal currency.[34]
Burghs established in Scotland before the accession of Máel Coluim; these were essentially Scotland-proper's first towns.

Most of Scotland's agricultural wealth in this period came from pastoralism, rather than arable farming. Arable farming grew significantly in the "Norman period", but with geographical differences, low-lying areas being subject to more arable farming than high-lying areas such as the Highlands, Galloway and the Southern Uplands. Galloway, in the words of G.W.S. Barrow, "already famous for its cattle, was so overwhelmingly pastoral, that there is little evidence in that region of land under any permanent cultivation, save along the Solway coast."



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