0
What else can I help you with?
What are the countries under the traditional economy system?
Countries with traditional economies are often those that rely on subsistence farming, barter trade, and hunting and gathering, typically found in rural or underdeveloped regions. Examples include parts of Africa, such as the Maasai in Kenya and Tanzania, as well as indigenous communities in the Amazon rainforest and Arctic regions. These economies prioritize cultural practices and communal resource management over industrialization and market-oriented approaches. Overall, traditional economies are characterized by their sustainable practices and deep connections to local customs and environments.
What are some examples of countries in a traditional economy?
Countries with traditional economies often rely on agriculture, hunting, and gathering, with minimal use of modern technology. Examples include Bhutan, where subsistence farming and livestock raising dominate, and parts of rural India, where many communities engage in traditional crafts and agriculture. Additionally, some Indigenous communities in Canada and the Amazon rainforest maintain traditional economic practices based on local resources and customs. These economies are typically characterized by bartering and communal decision-making rather than market-driven principles.
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.
What countries are developed and what ones aren't?
Developed countries, often referred to as high-income nations, include the United States, Canada, most of Western Europe, Japan, South Korea, Australia, and New Zealand. These countries typically have advanced economies, high standards of living, and robust infrastructure. In contrast, developing countries, such as those in parts of Africa, Asia, and Latin America, often face challenges like lower income levels, limited access to education and healthcare, and inadequate infrastructure. Examples of developing nations include Haiti, Afghanistan, and many countries in sub-Saharan Africa.
Which regions in the world have the highest number of more-developed countries?
They are mostly clustered in temperate zones. So mostly in Europe and the central and northern parts of North America.
What are some examples of countries in a traditional economy?
Countries with traditional economies often rely on agriculture, hunting, and gathering, with minimal use of modern technology. Examples include Bhutan, where subsistence farming and livestock raising dominate, and parts of rural India, where many communities engage in traditional crafts and agriculture. Additionally, some Indigenous communities in Canada and the Amazon rainforest maintain traditional economic practices based on local resources and customs. These economies are typically characterized by bartering and communal decision-making rather than market-driven principles.
Do you agree with the view that workers in less developed countries are always less productive than their counter parts in developed countries?
not nesse-celery
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 Peru a developed country?
Yes Peru is a developing country and this was one of the last countries to become developed. This country is developed
What countries have not industrialized?
Some countries that have not fully industrialized include many in Africa, parts of Asia, and some Pacific island nations. These countries may still rely heavily on agriculture, fishing, and other primary industries for their economies.
Which countries are not involved in fair trade?
While many countries participate in fair trade initiatives, some nations, particularly those with less developed economies or limited agricultural exports, may not be significantly involved. Countries with minimal infrastructure for fair trade certification and those lacking consumer awareness or demand, like certain nations in Central Asia or parts of Africa, often have limited fair trade activities. Additionally, some developed countries may have fair trade products available but do not actively promote or prioritize fair trade practices in their markets.
What countries are developed and what ones aren't?
Developed countries, often referred to as high-income nations, include the United States, Canada, most of Western Europe, Japan, South Korea, Australia, and New Zealand. These countries typically have advanced economies, high standards of living, and robust infrastructure. In contrast, developing countries, such as those in parts of Africa, Asia, and Latin America, often face challenges like lower income levels, limited access to education and healthcare, and inadequate infrastructure. Examples of developing nations include Haiti, Afghanistan, and many countries in sub-Saharan Africa.
Where are most of the newly industrializing countries found?
Most newly industrializing countries are found in regions like Asia (e.g. China, India, South Korea), Latin America (e.g. Brazil, Mexico), and parts of Africa (e.g. South Africa, Nigeria). These countries are transitioning from primarily agriculture-based economies to more diverse industrial and service-based economies.
What describes the part of the US' role in the global economy?
The US is interconnected with other parts of the world. Therefore, when our economy is doing poorly it reflects on the economies of other countries as well.
Which regions oh the world have the smallest number of more develoved countries?
Africa and parts of Asia have the smallest number of more developed countries compared to other regions like Europe and North America. These regions often have a higher concentration of developing or less developed countries.
What common agriculture growing pattern is directly traceable to the era when European countries colonized other parts of the world?
subsistence farming in less developed countries....i'm pretty sure
What happend in the 1800's that helped countries go less developed to more developed?
The 1800s saw significant advancements driven by the Industrial Revolution, which began in Britain and spread to other parts of the world. This period was marked by innovations in technology, transportation, and manufacturing, leading to urbanization and the rise of factories. Additionally, improvements in infrastructure, such as railroads and telegraphs, facilitated trade and communication, helping countries transition from agrarian economies to more developed industrial societies. Social changes, including education reforms and labor movements, also played a crucial role in fostering development during this time.
