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Who has a traditional economic system?
A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
What is a traditionalist-based economic system?
A tradition-based economic system is an economic system where economic decisions are based largely on cusom. The four economic questions are answered according to the traditions of the country. People produce and distribute goods in the ways that have been followed for hundreds of years by their ancestors.
What economic system do the Amish have?
traditional economy, where everything they do is based off of culture and tradition.
What is the economic system based on private ownership investment and profit?
Capitalism is the economic system based on private ownership and profit.
How is the question of what goods and services will be produced determined under a custom based system and a planned economic system?
In a custom-based economic system, the production of goods and services is determined by traditional practices and cultural norms, often relying on historical methods and local needs. In contrast, a planned economic system relies on central authorities, such as government agencies, to make decisions about production based on set goals, resource allocation, and societal needs. While custom-based systems prioritize community traditions, planned systems focus on systematic control and coordination of economic activities.
What a economic system?
An economy based on custom or tradition.
Who uses a tradition based economic system?
The Amish people
Who has a traditional economic system?
A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
What is a traditionalist-based economic system?
A tradition-based economic system is an economic system where economic decisions are based largely on cusom. The four economic questions are answered according to the traditions of the country. People produce and distribute goods in the ways that have been followed for hundreds of years by their ancestors.
What economic system do the Amish have?
traditional economy, where everything they do is based off of culture and tradition.
How can cooperatives exist in each of the four economic systems?
traditional economic system: this is an economic system based on culture and tradition. E conomy is based on agriculture and hunting.In such a system cooperatives are formed to provide agricultural inputs,educate members on better farming methods and market the members' farm produce since the economy is based on agriculture and hunting.
What is a economical system?
An economy based on custom or tradition.
What is the economic system based on private ownership investment and profit?
Capitalism is the economic system based on private ownership and profit.
What are examples of social capital?
capitalism: an economic system based on private ownership of capital socialism: an economic system based on stateownership of capital
How is the question of what goods and services will be produced determined under a custom based system and a planned economic system?
In a custom-based economic system, the production of goods and services is determined by traditional practices and cultural norms, often relying on historical methods and local needs. In contrast, a planned economic system relies on central authorities, such as government agencies, to make decisions about production based on set goals, resource allocation, and societal needs. While custom-based systems prioritize community traditions, planned systems focus on systematic control and coordination of economic activities.
Economic system are based on?
Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.
The Songhai economic system were based on?
Nothing
