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Most traditonal economic system countries are living in third world conditions

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Freeda Kris

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2y ago

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Related Questions

Who has a traditional economic system?

A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.


The way a country answers the three basic economic questions determines its?

traditional system.


What are the different economic system?

traditional economic system command economic system market economic system


What are the three different economic system?

traditional economic system command economic system market economic system


How does the monarchy style in each country affect its economic system?

Having a monarchy has no effect on the economic system of that country. Monarchies have presided over traditional economic states, mercantilist states, capitalist states, welfare-socialist states, etc.


What is the oldest economic system?

Traditional.


What country uses a traditional system of economy?

The country that uses the traditional economy system is Cuba


What is the economic system in Kazakhstan?

Kazakhstan has a Traditional economy


What is India's economic system?

Traditional Economy.


What determines what type of economic system a country has?

Decisions about the kind of economic system a country has are normally made by that country's government.


What are the different countries that have economic system?

Every country has an economic system


Is traditional economic system controlled by government?

NO. In a traditional economic system, the government does not involve itself with transactions, primarily since the barter system makes it difficult for the government to monitor transactions.