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Yes, India historically had a traditional economy characterized by subsistence farming, local crafts, and barter trade. Communities primarily relied on agriculture, with a focus on self-sufficiency and local resources. The economy was largely decentralized, with regional variations in practices and products reflecting local needs and customs. Over time, this traditional structure evolved, especially during and after colonial rule, leading to more market-oriented practices.
What else can I help you with?
What is India's economic system?
Traditional Economy.
Why India is a capitalist economy?
India has mixed economy
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 is India's economics?
Traditional Economy.
What is India's economic system?
Traditional Economy.
What type economic system does India operate under?
India's previously State operated industries has rapidly been developed into a more open mixed economy. Industrial deregulation and the privatization of formerly either owned or government controlled industries has been continuing.
What economic system does India operate under?
India was based more on a traditional economy before the British came, but after British Rule they have been influenced to become a more mixed economy.
What type of economy does India use?
mixed type of economy sustains in or amongst the geographical boundries of Inida Correction: Mixed is NOT a type of economy, India has a Market economy. To make it more simpler, my social study teacher said its mixed Traditional/ market
Why India is a capitalist economy?
India has mixed economy
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.
Is India a command economy?
India is not technically a command economy. The economy of India focuses more on an indirect and direct state intervention type of economy.
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
IS INDIA a free economy planned economy or mixed economy?
India has a mixed economy in that there is private property and companies that produce products for the benefit of profit. There are many business regulations in India, this combined with the above places India as a mixed economy country.
