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What is the economic system that promote economic equality?

Not everyone agrees about which economic system best promotes economic equality. Those who advocate for socialism often argue that it's the fairest economic system.


What economic effect did dot coms have?

Some of them never produced a profit. They attracted many investors. They often promised more then they delivered.


What are the main features of a traditional economy?

An underdeveloped economy in which communities use primitive tools and methods to harvest and hunt for food, often resulting in little economic growth. Traditional economies are often found in rural regions with high levels of subsistence farming. Countries that evolve their economies past the traditional level often develop into market economies or command economies.


What is the best between traditional or free market?

The best economic system between traditional and free market depends on the specific context and goals of a society. Traditional economies emphasize cultural practices and community needs, often leading to sustainability and social cohesion, while free markets prioritize efficiency, innovation, and individual choice, potentially driving economic growth. However, free markets can also result in inequality and market failures if not regulated properly. Ultimately, a balanced approach incorporating elements from both systems may yield the most beneficial outcomes.


What would your future be like if you lived in a traditional economy?

India and it's caste system. You are born into a certain realm of career choices and a distinct class and lifestyle. Traditional economies exist also (at the most fundemental level) in rural areas dependant upon subsistence farming and the community. Examples of this would be rural Brazil, if your father was a farmer, you are a farmer, if your father raised cattle, you raise cattle. On the other hand, if your father was "mayor" (or the equivalent), hey, you're mayor.

Related Questions

What is the economic system that promote economic equality?

Not everyone agrees about which economic system best promotes economic equality. Those who advocate for socialism often argue that it's the fairest economic system.


What economic effect did dot coms have?

Some of them never produced a profit. They attracted many investors. They often promised more then they delivered.


What process of sexual reproduction of plants is important for the economic?

The seeds produced in plants are often contained in fruit. So seed production.


What are the main features of a traditional economy?

An underdeveloped economy in which communities use primitive tools and methods to harvest and hunt for food, often resulting in little economic growth. Traditional economies are often found in rural regions with high levels of subsistence farming. Countries that evolve their economies past the traditional level often develop into market economies or command economies.


What economic effect did dot-coms have?

They attracted many investors. . They often promised more than they delivered. Some of them never produced a profit.


Is there any precipitation after tornadoes?

Often there is, though there is more often precipitation before a tornado. Whether or not their is depends on the structure of the storm system that produced the tornado.


Which is a feature of most traditional societies 1 political equality of men and women 2 extended family system 3 ease of upward mobility 4 involvement of all adults in decision making?

Extended family system. Traditional societies often place a strong emphasis on the extended family system, where multiple generations live together or in close proximity and provide social, emotional, and economic support for each other.


How can you get antibodies?

They are produced by B-cells, which are a type of white blood cell most often found in the circulatory system.


What is the difference between the traditional ceramics and the new ceramics?

Traditional ceramics are made from naturally occurring materials like clay, while new ceramics are often produced from synthetic compounds. New ceramics generally have higher strength, hardness, and durability compared to traditional ceramics, and can be engineered to have specific properties for different applications. Additionally, new ceramics can be produced at higher temperatures and with more complex shapes than traditional ceramics.


What is the best between traditional or free market?

The best economic system between traditional and free market depends on the specific context and goals of a society. Traditional economies emphasize cultural practices and community needs, often leading to sustainability and social cohesion, while free markets prioritize efficiency, innovation, and individual choice, potentially driving economic growth. However, free markets can also result in inequality and market failures if not regulated properly. Ultimately, a balanced approach incorporating elements from both systems may yield the most beneficial outcomes.


What is the definition of tradition-based economy?

An underdeveloped economy in which communities use primitive tools and methods to harvest and hunt for food, often resulting in little economic growth. Traditional economies are often found in rural regions with high levels of subsistence farming. Countries that evolve their economies past the traditional level often develop into market economies or command economies.


What would your future be like if you lived in a traditional economy?

India and it's caste system. You are born into a certain realm of career choices and a distinct class and lifestyle. Traditional economies exist also (at the most fundemental level) in rural areas dependant upon subsistence farming and the community. Examples of this would be rural Brazil, if your father was a farmer, you are a farmer, if your father raised cattle, you raise cattle. On the other hand, if your father was "mayor" (or the equivalent), hey, you're mayor.