0
A traditional economy is an economic system where decisions are based on customs, beliefs, or religion within a social community. People work together to produce goods to meet their needs, and share with family. They trade with their community/family with their excess.
What else can I help you with?
What is the economic system in Kazakhstan?
Kazakhstan has a Traditional economy
Habit and custom determine economic activities in a?
Traditional Economy
What is a good word sentence using the word traditional economy?
china is not a traditional economy now. It has emerged as mix economy.
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
When did traditional economy start?
Traditional economy has been around since the dawn of man!!!!
What are the 4 economic systems?
The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy is the most basic.
What type of economy does the honduras's have?
A traditional economy.
What is the type of economy for Bahrain?
traditional economy
What country uses a traditional system of economy?
The country that uses the traditional economy system is Cuba
Traditional economy in a sentence?
the traditional economy gain more money because of the products they sold
How market traditional and command economy adapt to change?
A traditional and command economy adapt slowly, a market economy adapts fast.
Is Madagascar a traditional economy?
Yes the country of Madagascar has a traditional economy but it performs very poorly. The economy is primarily agricultural based.
