What are countries with traditional economy? - Answers
2023年8月22日 · Traditional Economies Traditional economies refers to countries which have their economy based on the basic economic activities of hunting and gathering or farming.A …
Who chooses what to produce in traditional economy? - Answers
2023年8月22日 · A traditional economy is an economic system where decisions are based on customs, beliefs, or religion within a social community. People work together to produce goods …
What is traditional economy? - Answers
2022年10月25日 · In traditional economies, there may be no prices whatsoever.A traditional economy is a system where traditions, customs and belief systems determine its operation.
How can you best describes a traditional economy? - Answers
2023年8月22日 · A traditional economy is a system where traditions, customs and belief systems determine its operation. In that state, this type of economic system may go unchanged for …
What are the characteristics of traditional economy? - Answers
2022年11月1日 · A traditional economy is an economy based on custom and tradition. The economic system in which resources are allocated by inheritance, has a strong social network …
Who decides what to produce in a traditional economy?
In a traditional economy, traditions, customs, and beliefs shape the goods and products that society creates. This is an original economic system that is often rural and farm-based.
Who owns the factors of production in a traditional economy?
2023年8月23日 · Traditional economies are typically seen in South America and Africa.In a traditional economy the tribe controls the factors of production.
The traditional farming economy did not end in the US until
2024年4月27日 · In Eskimo villages in Canada, the economy may be based on hunting, fishing, and traditional crafts, with a focus on sustainability and self-sufficiency within a remote and …
How does a traditional economy answer the three basic economic ...
2022年11月1日 · The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy …
Who makes decisions in the traditional economy? - Answers
2022年10月23日 · In a traditional economy, the decision to make certain products is decided by the people, but designed around traditions, customs, and beliefs.