The North has cattle, wheat, and corn. The North farmed and food to eat. Which the South had cotton, their cash crop.
i just try to known the differentiate between old economy and new economy
Limitations of an old economy are its inability to change to meet modern demands, a lack of diversity, and low output. Old economies are based on systems which are largely forgotten or no longer used.
Command and Market: Traditional:Economy dominated by methods and techniques that have strong social support even though they may be old-fashioned or out of date.Command: An economy that is planned and controlled by a central administration, as in the former Soviet Union.Market : An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
A traditional economy is where all economic decisions are based on age-old customs.
A Mixed economy is an economy that is both a planned and free enterprise economy.This means is has both STATE CONTROLLED economies and also PRIVATE OWNERSHIP economies. These 2 are commonly found the Caribbean, such as Barbados or Cuba for example. Free Enterprise is practically self explanatory. It if the economic system for people who own their own businesses such as shops. The Controlled economy is well obviously controlled by the STATE but this usually affects larger companies and businesses.
klaudia sommer
i just try to known the differentiate between old economy and new economy
They are the same place with different names.
The loss of soil fertility.
To find new land
They are the same place with different names.
They are the same place with different names.
They are the same place with different names.
If the old one is malfunctioning, yes.
16
South, New South Democracy or New South Creed is a phrase that has been used since the American Civil War to describe the American South, after 1877. The term "New South" is used in contrast to the Old South of the plantation system of the period.
They are the same place with different names.