Iroquois economics is how the Iroquois people, a group of Native American tribes in what is now the northeastern United States, managed their resources in a way that was sustainable over time. They believed in a system of sharing resources and living in balance with nature. The Iroquois traded goods and services, like furs and fish, and they also shared the land and waterways. They took only what they needed, so they would have enough resources left to use in the future. This helped them make sure that their resources lasted and that they had plenty to eat.