0
How does the modern meaning ofbusinessdiffer from the traditional one?
Wiki User
∙ 11y ago
1. Modern definition of business is the production, distribution, and sale of goods and services for a profit.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Does Mexico have a capitalist traditional or command economy?
Mexico has a traditional capitalist economy, transitioning to a modern capitalist one -- Mexico is an Emerging Market (EM), or Newly Industrialized Country (NIC).Mexico has never been a command economy.
Is traditional farming profitable?
traditional farming is profitabal in term of humanity if you are not using camicaled fartilizers then you serv good food for some one.......................and making some one halthy
What is an example of modern day traditional economic system?
There are no pure traditional economy in the World now. India is not a traditional economy. Many economies continue with traditional small scale/ cottage/ village industries limited by local markets as well as traditional small scale fragmented land farming, but most economies have modern industries and transport, growing urbanization. None of the countries can be strictly referred to as traditional economies. And, many of the countries are exporting and importing through cross border trade. Many are capitalist economies, often mixed economies. Some are relatively closed economies with communist or religious dictatorships. If you mean which countries have small scale traditional industries coexisting with modern industries, then most undeveloped and developing countries fall in this category. They include, beside India, Pakistan, Sri Lanka, Bangladesh, Nepal. Vietnam, Indonesia,. Myanmar, , Mauritius, several poor African countries. A traditional economy is an economic system in which resources are allocated by inheritance, and which has a strong social network and is based on primitive methods and tools. It is strongly connected to subsistence farming. Most countries that have historically had a traditional economy have replaced it with a command economy, market economy, or mixed economy. However, it is still found today in underdeveloped, agricultural parts of South America, Asia, and Africa. A traditional economy is where people produce most of what they need to survive. Hunting and gathering, farming, and herding cattle are the bases of traditional economy. People hunt for the food they eat or raise it themselves. Often they make their own clothing and tools. If they produce more food than they need, they trade the surplus, or extra food, for goods made by others.
In which type of country is one most likely to find traditional economy?
underdeveloped
What is the level competition in a traditional economy?
In a traditional economy, people rely on barter or the exchange of one good for another good. In such an economy, the competition is any other valuable product that someone has to offer a dealer to rival what you have to offer.
What is the difference between a modern beauty contest and a traditional beauty contest?
One is traditional and one is modern.
What is the meaning of the term traditional teacher?
One may expect the traditional teacher to be the sole authority in the classroom.
What is the difference between modern office and traditional office?
The basic difference between a traditional office and a modern one has to do with the prevelance of wood panneling and portraits of past presidents of the company. One halmark of the modern office though is the presence of a napping room.
What is the difference between traditional office and modern office?
The basic difference between a traditional office and a modern one has to do with the prevelance of wood panneling and portraits of past presidents of the company. One halmark of the modern office though is the presence of a napping room.
What is a traditional style necklace as compared to a modern one?
A traditional style necklace is more oldfashioned. Something like a strand of pearls or and oriental jade necklace would be considered traditional. Modern necklaces are often beadwork and bulky.
Debate against traditional learning vs modern learning?
Traditional learning tends to be focused on memorization and rote learning, while modern learning emphasizes critical thinking, problem-solving, and creativity. Modern learning methods incorporate technology and interactive strategies to engage students more effectively. While traditional learning may have its merits in certain contexts, modern learning is better suited to prepare students for the rapidly changing demands of the 21st century.
Why is there more than one a birthstone per month?
There are modern birthstones and traditional birthstones for a month.
What is the meaning for the name karthika?
Karthika is one of the 12 months in the India traditional calendar.
Is dire a slang word?
The only meaning for "dire" that I know of is the traditional dictionary one.
Where can I find a traditional one year anniversary gift?
www.gifts.com is a great place to browse many gifts that are modern and traditional. On this website you can also find a guide to traditional anniversary gift ideas.
What are the advantages and disadvantages of traditional and modern control techniques in management?
One disadvantage of traditional control techniques often create distance between managers and employees. Modern control techniques have the disadvantage that they can create ambiguity in roles. The advantage of traditional control is that is creates a sense or order.
How do they harvest their crops in Mexico modern or traditional?
Both. There is mechanized agriculture as well as traditional, subsistence farming. This is one of the characteristics of a developing country, and Mexico is classified as such.
