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In a traditional economic system which type is most often produced?
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∙ 11y ago
Agricultural products
Wiki User
∙ 11y ago
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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 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.
What is traditional economy?
people in traditional economies accept change easilyA traditional economy is a very underdeveloped economy that often depends on agriculture as its main base. Perhaps hearkening back to its agrarian roots, a traditional economy is also known as a subsistence economy.In order to fully understand a traditional economy, it is necessary to first define the three main economic systems. Market economies are so called because prices are determined by market prices. In command economies, prices and supplies are determined by the government. In traditional economies, there may be no prices whatsoever.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 quite some time. Once this economy does begin to change, it usually morphs into one of the other systems mentioned previously.One of the unfortunate hallmarks of a traditional economy is its relation to poverty. Indeed, most of those inside of such a system find themselves mired in poverty their entire lives. This is significant. In his book titled Capitalism at the Crossroads, Stuart L. Hart notes that 4 billion people may be trapped in traditional economies.While there may be no nation on Earth today that has a purely traditional economy, the sheer number of the world's population in such economic systems indicates there are wide swaths of the world population in "sub-economies," primarily in the Third World.Though these economies may not be the official standard for the country, they do tend to keep any available wealth in the hands of a very few. In many cases, a traditional economy may have no official currency whatsoever. The economy works through bartering and trading, and there is very little of that because so little surplus is produced. In traditional economies, most produce only enough to keep their families alive. Any surplus in a traditional economy may go to a landowner or ruling authority.The businesses make the decisions.
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 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 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 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 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.
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 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.
How is online investing different from traditional investing?
There isn't any difference between online investing and traditional investing from an economic standpoint. Online and traditional are just two ways of accessing the same thing. DIY online investing is often cheaper, but you won't get much assistance if you open an E*Trade account, for instance.
What is zero generation?
This is an ambiguous term and refers to a handful of things. Generation Zero is a movie about the economic disaster. The Zeroth Generation Project involves the immigration debate. I assume you mean the zeroth generation of computers, which would be any computer system produced before 1946. They often used gears and/or relays.
What is traditional economy?
people in traditional economies accept change easilyA traditional economy is a very underdeveloped economy that often depends on agriculture as its main base. Perhaps hearkening back to its agrarian roots, a traditional economy is also known as a subsistence economy.In order to fully understand a traditional economy, it is necessary to first define the three main economic systems. Market economies are so called because prices are determined by market prices. In command economies, prices and supplies are determined by the government. In traditional economies, there may be no prices whatsoever.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 quite some time. Once this economy does begin to change, it usually morphs into one of the other systems mentioned previously.One of the unfortunate hallmarks of a traditional economy is its relation to poverty. Indeed, most of those inside of such a system find themselves mired in poverty their entire lives. This is significant. In his book titled Capitalism at the Crossroads, Stuart L. Hart notes that 4 billion people may be trapped in traditional economies.While there may be no nation on Earth today that has a purely traditional economy, the sheer number of the world's population in such economic systems indicates there are wide swaths of the world population in "sub-economies," primarily in the Third World.Though these economies may not be the official standard for the country, they do tend to keep any available wealth in the hands of a very few. In many cases, a traditional economy may have no official currency whatsoever. The economy works through bartering and trading, and there is very little of that because so little surplus is produced. In traditional economies, most produce only enough to keep their families alive. Any surplus in a traditional economy may go to a landowner or ruling authority.The businesses make the decisions.
