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The primary method of exchange in a traditional economy is and?
Wiki User
∙ 15y ago
barter;trade
Wiki User
∙ 15y ago
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What is a custom based economy?
In a custom based economy, goods are produced traditionally. The method of production is passed down from parent to children and rarely changes.
What is the adverb for economy?
Economically The adverb economically derives from the adjectives economic and economical.
How exchange rate is fixed in free market?
Exchange rate under a floating exchange rate scheme (as often does in free market) does not stay constant. It will always fluctuate due to changes in demand and supply. However, the state can control the supply of the currency (sell off or buy in their currency) in order to control the exchange rate. While this has been the traditional method of limiting currency exchange rate fluctuation, the global scale and scope of currency markets has significantly lowered the ability of a government to affect currency exchange rates via this method. For most major currencies, this adjustment of the currency supply can only push the exchange rate a few percentage in one direction or the other. Instead, the method most countries wishing to fix their currency exchange rate use is called "pegging" - that is, a country legally fixes the exchange rate against a larger currency (typically the US Dollar, Euro, or Yen), and only allows exchanges of currency at the "official" rate. China is a clear example of this practice, though they are hardly the only one. "Pegging" a currency is generally considered to be a violation of free market principles, because it artificially declares the value of something without consulting the marketplace.
What exactly is the definition of currency hedging?
Currency hedging is also known as foreign exchange hedging. It involves a method used by companies to eliminate risk resulting from foreign exchange transactions.
What is the importance of GNP?
At one time the GNP or Gross National Product was the primary method to measure the size of a nations economy. Broken down to plain speaking terms the GNP was the dollar value and or amount of all goods and services an economy produced in the course of 12 months. Currently the GDP or gross domestic product per capita is more often used, but the question is answered for GNP.
What primary treatment method used in traditional Chinese medicine?
Herbal Medicine
Why did Vladimir Lenin admire 'Taylorism' as a method to increase production in the Soviet economy?
because taylor was efficent and can guarantee results in a primary sector economy which the USSR was in at the time
Who invented the traditional method in math?
Eisner Hewer invented traditional method in math
Which method of material exchange uses up energy?
active transport
What is the type of economy that they have in 3 Rd world countries in Africa and in the Eskimo villages in Canada?
In 3rd world countries in Africa, the economy is often a mix of traditional, subsistence farming and resource extraction, with limited industrialization and dependency on agriculture. In Eskimo villages in Canada, the economy may be based on hunting, fishing, and traditional crafts, with a focus on sustainability and self-sufficiency within a remote and often harsh environment.
What is the best method of collecting primary data?
the best method to collect primary data is to make a Baseline Data or using the method of Rapid Rural Appraisal.
Is beach profile a secondary data method?
no it is a primary data method
What is huna?
It is a traditional Hawaiian healing method.
What were the method used in establishment of colonial economy?
Usedto establish colonial economy in afric
Intervention is the primary prevention method for stopping sexual violence. What is intervention?
Intervention is the primary prevention method for stopping sexual violence. What is intervention?
What are the traditional procurement methods using in the construction industry?
Fixed Price Contracting is a traditional method
What is the primary method of dispersal in mosses?
this dick
