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What are other names for traditional economy?

command economy


Does Jamaica have a traditional economy?

Jamaica has a traditional economy like most other countries, but relies heavily on tourism. Visitors from around the world come there throughout the year to spend money.


What is Mesopotamia's economy?

There economy was to trade objects to other country


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 government's role in a traditional economy?

The government has no role in a traditional economy other than keeping peace to the degree where different individuals can conduct trade in peace.


Compare the three economy questions to command economy market economy and traditional economy?

traditional economy: resources are allocated based on custom and traditionmixed economy:resources are allcoated based on mixed informtion given.command economy: resources are allocated by the government or other central authoritymarket economy: resources are allocated by individualsCommusim


What is the difference between a traditional economy and modern economy?

In a command economy the government decides how many of which goods are produced. But in a traditional economy the social roles and culture determine how goods and services are produced. Babies are produced by anal sex


What country do Ecuador belong?

Ecuador belongs to no other country. It is an independent nation - recognised since 1830.


What are effects of brain drain in India?

India's talent going outside and becoming asset for some other country India's economy is becoming the economy of other country


What is the reasons for international trade?

In order to have a high economy and productive country,we need to have a trade between the other country that had a productive economy too.


Which other country is doing well in its economy other than china?

Australia


What is the impact of brain drain in Indian Economy?

India's talent going outside and becoming asset for some other countryIndia's economy is becoming the economy of other country