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.
Traditional Economy.
India has mixed economy
Kazakhstan has a Traditional economy
Traditional Economy
china is not a traditional economy now. It has emerged as mix economy.
Traditional Economy.
Traditional Economy.
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.
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.
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
India has mixed economy
Kazakhstan has a Traditional economy
Traditional Economy
china is not a traditional economy now. It has emerged as mix economy.
India is not technically a command economy. The economy of India focuses more on an indirect and direct state intervention type of economy.
Command economy, market economy, and traditional economy. The United States of America is a Market 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.