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.
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Easy credit helped hide the weakness in the economy in the 1920's.
Easy credit helped hide the weakness in the economy in the 1920's.
Easy credit helped hide the weakness in the economy in the 1920's.
Kazakhstan has a Traditional economy
Traditional Economy