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What are the main features or characteristics of Rural Economy in India?
The main features or characteristics of rural economy in India include low per capita income, poor distribution of income and resources and so much more. These features are as a result of the poverty levels in the rural areas.
What type of economic system does El Salvador have?
They have a mixed market in most places, but also have a traditional economy in rural areas.
Does England have a traditional economy?
No, countries that use a traditional economy are usually primitive, rural and use a system of barter and trade. As the manufacturing industry continues to decline in England, Its service, finance, and tourist industries continue to show healthy growth.
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 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 type of economy is found in rural areas?
Traditional economy
What are the Economic developments in Rural development?
"Real India lies in Rural India", 'India is a land of 'villages', 'Rural economy is the backbone of the Indian economy', 'India lies in its villages', etc, are the perpetual and common slogans. India is predominantly an Agricultural Economy and the rural markets hold immense potentials for any company to expand.
What is characteristic of traditional ecomonmy?
A traditional economy is based on customs, traditions, and bartering systems. It is typically rural and agricultural, with little to no technological advancements. These economies are often close-knit communities that prioritize the welfare of the group over individual desires.
What are the features of Indian economy?
The nature and basic characteristics of the Indian economy are hallmarked by and overall low per capita income. Other important characteristics are overpopulation, unemployment, and price instability.
What are the main features or characteristics of Rural Economy in India?
The main features or characteristics of rural economy in India include low per capita income, poor distribution of income and resources and so much more. These features are as a result of the poverty levels in the rural areas.
In India migration of people from rural areas to urban areas has resulted in?
a weakening of traditional values
What type of economic system does El Salvador have?
They have a mixed market in most places, but also have a traditional economy in rural areas.
What do people do in their leisure time in rural and urban places in India explain in detail?
In the urban areas of India, people are working and building a better economy. In the rural areas of India, you will find farmers who wish for a better life and are working to move their families to the more industrialized parts of India.
Does England have a traditional economy?
No, countries that use a traditional economy are usually primitive, rural and use a system of barter and trade. As the manufacturing industry continues to decline in England, Its service, finance, and tourist industries continue to show healthy growth.
Does the housing and clothing of rural India suits the claimatic conditiond?
yes traditional clothing suits claimatic condition very well
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.
Which is not contribute to rural economy?
Biases in national economic and social policies cannot contribute to rural economy.
