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How might strongly defined economic roles and goals be both a strength and a weakness of traditional economies?
Strongly defined economic roles and goals in traditional economies can create stability and predictability, allowing communities to efficiently allocate resources and maintain social cohesion. However, this rigidity can also stifle innovation and limit adaptability to changing circumstances, making it difficult for these economies to respond to external pressures or shifts in market demands. As a result, while such structures can ensure continuity, they may also hinder growth and resilience over time.
What else can I help you with?
Innovation is a characteristic most strongly associated with what kind of economic group?
Innovation is most strongly associated with developed economies, where there is often a greater emphasis on research and development, higher education, and technological advancement. These economies typically have the infrastructure, capital, and human resources necessary to foster creative solutions and new technologies. Additionally, a competitive market environment in developed countries encourages companies to innovate to maintain or enhance their market positions.
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.
Copper and nitrates are two resources that strongly shaped the economic development of during the past century?
Chile
Socio-economic aspect about restaurant?
The socio-economic aspects of an area strongly affects how a restaurant will perform. Opening a restaurant in an area where the demographic is wrong, or in an area that doesn't have the income to help it thrive can be detrimental to the success of the establishment.
What is the economic term for prices of goods and services set by government?
A government only sets the prices for goods and services as a matter of course in Communist or strongly socialist countries. This has come to pass in more economically conservative countries only during periods of high inflation and serious economic downturn.
What is the adjective and adverb of strength?
The adjective of strength is strong.The adverb of strength is strongly.
What is the noun form of strongly?
Both the adverb strongly and the noun strongness are forms of the adjective strong.
Innovation is a characteristic most strongly associated with what kind of economic group?
Innovation is most strongly associated with developed economies, where there is often a greater emphasis on research and development, higher education, and technological advancement. These economies typically have the infrastructure, capital, and human resources necessary to foster creative solutions and new technologies. Additionally, a competitive market environment in developed countries encourages companies to innovate to maintain or enhance their market positions.
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.
Is strength an adverb?
No. The word strength is a noun. The related adjective is strong and the related adverb is "strongly."
What is an adverb for strong?
The adverb is strongly
How does Traditional values of your upbringing play an important role in your life?
I am and strongly agree
What it the opposite of weakly?
The opposite of "weakly" is "strongly." While "weakly" suggests a lack of strength or intensity, "strongly" conveys a sense of firmness, power, or conviction. These terms can apply to various contexts, such as physical strength, emotional expression, or the degree of an argument or opinion.
Which economic group most strongly protested the Embargo Act of 1807?
Southern cotton growers.
Nation that strongly backed independence for Texas hoping to turn it into an economic asset and antislavery bastion?
Britain
Nation that strongly backed independence for Texas hoping to turn it into an economic asset and antslavery bastion?
Britain
Copper and nitrates are two resources that strongly shaped the economic development of during the past century?
Chile
