Traditional economics.
Customs and traditions.
A traditional economy is where all economic decisions are based on age-old customs.
traditional
Market economy
traditional
Mercantilism
George Abonyi has written: 'Development and technology' -- subject(s): Economic development, Technological innovations 'Toward a political economy approach to policy-based lending' -- subject(s): Economic assistance, Economic policy, Structural adjustment (Economic policy) 'Global change and economic restructuring in Southeast Asia' -- subject(s): Foreign economic relations, Structural adjustment (Economic policy)
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The policy of assimilation is based on the idea that minority groups should adopt the culture, values, and customs of the dominant group in society. This approach aims to reduce differences and promote unity among different cultural groups.
In a traditional economy the economic decisions are largely based on custom. In all centrally planned economies the government makes all important economic decisions.Ê
Traditional
Containment