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How does a traditional economy answer the three basic economic questions.?
SDD- you are thinking of a market economy.In a traditional economy handcrafts, farm animals and farming crops are produced.It is produced by the family unit or in small tribes/collectives all local to the area it is consumed in.
What 3 specific countries use a traditional economy?
bhutan yemen haiti
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 Peru use free market economy command economy or mixed economy?
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
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.
In which type of economy do people not use money?
Traditional economy
How does a traditional economy answer the three basic economic questions.?
SDD- you are thinking of a market economy.In a traditional economy handcrafts, farm animals and farming crops are produced.It is produced by the family unit or in small tribes/collectives all local to the area it is consumed in.
What type of economy does Africa use?
Porch monkey society!
What 3 specific countries use a traditional economy?
bhutan yemen haiti
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.
How did the columbian exchange affect the lives of Europe Africa and the America?
Because so many slaves were being taken away from Africa and transported to the Americas and Europe, the African economy was declining because of it. The Atlantic Slave Trade transported millions of Africans to the New World in order to use them for agricultural labor as well as for servant work. With so many Africans gone from their homeland, the economy dwindled. Naksan- How coul Africa have economy when they were only tribes, and clans there believe me they had gold and everything,but haw could they have known about economy...WHEN THEY DIDN'T HAVE ONE AT ALL!
Does Peru use free market economy command economy or mixed economy?
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
What type of economy does Bhutan use?
Bhutan has a traditional economy.It is a very little devloped country so it's economy is very little devloped
What two land use activities make up the largest economy activities in Africa?
sota and goll
What was the basis of the Ghana Empire economy?
The Empire of Ghana grew powerful on its use of goldwhile trading in the Sahel with the Berbers and other nomadic tribes.
What type of economy does India use?
mixed type of economy sustains in or amongst the geographical boundries of Inida Correction: Mixed is NOT a type of economy, India has a Market economy. To make it more simpler, my social study teacher said its mixed Traditional/ market
How was the buffalo a big part to the Indians economy?
The Plains culture - but also to neighbouring tribes including the marginally-Plains Upper Missouri tribes (Mandan, Hidatsa and Arikara).
