In the 6th century BCE the cultivable land was divided between the people. The beneficiaries were granted only the revenue of these lands and no administrative authority. There was emergence of the notion of private property, as there are references to the gift and sale of land.
Bhaga, Bhoga, Kara and Hiranya refers to the different types of revenues which were collected by the rulers during the early medieval period. They were the chief sources of revenue to the donees.