Final answer:
A chiefdom's economy is comprised of control over land, management of agricultural surplus, regulation of trade, and control over the production of prestige goods.
Step-by-step explanation:
Chiefdoms have complex economic systems and four key elements that make up a chiefdom's economy are land control, agricultural production, trade regulation, and production of prestige goods. Chiefs often control land and determine who may farm in certain areas, including distributing farmland to newcomers. Furthermore, they command agricultural surplus wherein farmers are obliged to give a portion of their surplus to the chief, who holds it for community needs like public feasts or aiding those in need. Chiefs also regulate local trade and establish regional trade networks to benefit their communities. In addition, they control the production and distribution of certain prestige goods, which could include royal textiles or ornaments made of valuable materials like jade, gold, or copper.