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Describe the main strength and weakness of a traditional economy?
Wiki User
∙ 12y ago
A traditional economy is an economy based on custom and tradition.
The main strength is each person has job. There is less crime. There is no over consumption and surplus.
The main weakness is they are poor. There is no innovation or it is not valued.
Wiki User
∙ 12y ago
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What helped hide weakness in the economy in the 1920s?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide the weakness in the economy in the 1920?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide the weakness in the economy in the 1920's?
Easy credit helped hide the weakness in the economy in the 1920's.
What is the economic system in Kazakhstan?
Kazakhstan has a Traditional economy
Habit and custom determine economic activities in a?
Traditional Economy
What helped the weakness in the economy in the 1920s?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide weakness in the economy in the 1920s?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide the weakness in the economy in the 1920?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide the weakness in the economy in the 1920's?
Easy credit helped hide the weakness in the economy in the 1920's.
What is the economic system in Kazakhstan?
Kazakhstan has a Traditional economy
Habit and custom determine economic activities in a?
Traditional Economy
How do I describe a mixed economy?
A mixed economy is a system that combines characteristics of market, command, and traditional economies. It benefits from the advantages of all three while also experiencing some of the disadvantages.
What is a good word sentence using the word traditional economy?
china is not a traditional economy now. It has emerged as mix economy.
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
When did traditional economy start?
Traditional economy has been around since the dawn of man!!!!
What are the 4 economic systems?
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 is the most basic.
What type of economy does the honduras's have?
A traditional economy.
