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Many rural parts of less developed countries have traditional economies?
Wiki User
∙ 11y ago
True
Wiki User
∙ 11y ago
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What is an example of modern day traditional economic system?
There are no pure traditional economy in the World now. India is not a traditional economy. Many economies continue with traditional small scale/ cottage/ village industries limited by local markets as well as traditional small scale fragmented land farming, but most economies have modern industries and transport, growing urbanization. None of the countries can be strictly referred to as traditional economies. And, many of the countries are exporting and importing through cross border trade. Many are capitalist economies, often mixed economies. Some are relatively closed economies with communist or religious dictatorships. If you mean which countries have small scale traditional industries coexisting with modern industries, then most undeveloped and developing countries fall in this category. They include, beside India, Pakistan, Sri Lanka, Bangladesh, Nepal. Vietnam, Indonesia,. Myanmar, , Mauritius, several poor African countries. A traditional economy is an economic system in which resources are allocated by inheritance, and which has a strong social network and is based on primitive methods and tools. It is strongly connected to subsistence farming. Most countries that have historically had a traditional economy have replaced it with a command economy, market economy, or mixed economy. However, it is still found today in underdeveloped, agricultural parts of South America, Asia, and Africa. A traditional economy is where people produce most of what they need to survive. Hunting and gathering, farming, and herding cattle are the bases of traditional economy. People hunt for the food they eat or raise it themselves. Often they make their own clothing and tools. If they produce more food than they need, they trade the surplus, or extra food, for goods made by others.
Which regions in the world have the highest number of more-developed countries?
They are mostly clustered in temperate zones. So mostly in Europe and the central and northern parts of North America.
What are the different elements or parts of traditional commerce?
Buyer, Seller and Producer
What is the difference between cars in developed countries and cars in developing countries?
The main difference is Emission laws. For example the EU (Europe) and the USA have Very different emission regulations. Some USA models aren't sold in the EU and some European models aren't available in the USA. China for example, doesn't acknowledge USA Patents and Copies Vehicles/and their parts to be use/sold as Products of China.
Why have businesses and people from other countries or parts of the US migrated to the south?
Caca
Do you agree with the view that workers in less developed countries are always less productive than their counter parts in developed countries?
not nesse-celery
What is an example of modern day traditional economic system?
There are no pure traditional economy in the World now. India is not a traditional economy. Many economies continue with traditional small scale/ cottage/ village industries limited by local markets as well as traditional small scale fragmented land farming, but most economies have modern industries and transport, growing urbanization. None of the countries can be strictly referred to as traditional economies. And, many of the countries are exporting and importing through cross border trade. Many are capitalist economies, often mixed economies. Some are relatively closed economies with communist or religious dictatorships. If you mean which countries have small scale traditional industries coexisting with modern industries, then most undeveloped and developing countries fall in this category. They include, beside India, Pakistan, Sri Lanka, Bangladesh, Nepal. Vietnam, Indonesia,. Myanmar, , Mauritius, several poor African countries. A traditional economy is an economic system in which resources are allocated by inheritance, and which has a strong social network and is based on primitive methods and tools. It is strongly connected to subsistence farming. Most countries that have historically had a traditional economy have replaced it with a command economy, market economy, or mixed economy. However, it is still found today in underdeveloped, agricultural parts of South America, Asia, and Africa. A traditional economy is where people produce most of what they need to survive. Hunting and gathering, farming, and herding cattle are the bases of traditional economy. People hunt for the food they eat or raise it themselves. Often they make their own clothing and tools. If they produce more food than they need, they trade the surplus, or extra food, for goods made by others.
What countries have not industrialized?
Some countries that have not fully industrialized include many in Africa, parts of Asia, and some Pacific island nations. These countries may still rely heavily on agriculture, fishing, and other primary industries for their economies.
Is Peru a developed country?
Yes Peru is a developing country and this was one of the last countries to become developed. This country is developed
What describes the part of the US' role in the global economy?
The US is interconnected with other parts of the world. Therefore, when our economy is doing poorly it reflects on the economies of other countries as well.
Which regions oh the world have the smallest number of more develoved countries?
Africa and parts of Asia have the smallest number of more developed countries compared to other regions like Europe and North America. These regions often have a higher concentration of developing or less developed countries.
What common agriculture growing pattern is directly traceable to the era when European countries colonized other parts of the world?
subsistence farming in less developed countries....i'm pretty sure
What countries are in what stages of Rostow's Development Model?
Rostow's Development Model categorizes countries into five stages of economic growth: traditional society, preconditions for take-off, take-off, drive to maturity, and age of high mass consumption. For example, countries in Africa and parts of Asia are generally in the traditional society and preconditions for take-off stages, while countries in North America, Western Europe, and parts of Asia are in the age of high mass consumption stage.
Was the iPhone made in Canada?
The iPhone was designed and developed in California, a state in the United States. It contains parts made from many countries, and was manufactured in China.
Which parts of the world are poor today?
I presume you mean LEDCs (Less Economically Developed Countries). The answer is all countries in the southern hemisphere save from New Zealand and Australia. Sounds crazy but it's true.
Vilma is developing a presentation on traditional societies. What should she include in her presentation?
Vilma should include information about the social structure, customs, beliefs, and daily life activities of traditional societies. Additionally, she should talk about how these societies have evolved over time and the impact of modernization on their cultures. It would also be beneficial to include examples of traditional societies from different parts of the world.
What countries practice subsistence farming?
Countries where subsistence farming is commonly practiced include parts of sub-Saharan Africa, parts of Asia (such as India and Indonesia), and parts of Latin America. These regions often have limited access to modern agricultural tools and rely on traditional farming methods to produce food for their own household consumption.
