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Earn +20 ptsQ: What are the differences between modern manufacturing and traditional manufacturing system?
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Continue Learning about Economics
What are the traditional and modern saving institutions and their contribution for development in Ethiopia?
what are saving institutionns
Why does Mexico have a traditional economy?
Mexico has a mix of traditional (i.e: made by hand or with little help from automated work) and modern economy. This is the reason it is considered an emerging market.
Is New Zealand a traditional economy?
NO. New Zealand is a modern capitalist economy.
How does the modern meaning ofbusinessdiffer from the traditional one?
1. Modern definition of business is the production, distribution, and sale of goods and services for a profit.
What is the modern theory of international trade?
The modern theory of international trade works on assumptions of the law of comparative advantage. The comparative advantage arises as a result of differences in the various regions.
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