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i just try to known the differentiate between old economy and new economy

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Keith Rohan

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3y ago

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How was the economy of the old south different from the economy of the new south?

The North has cattle, wheat, and corn. The North farmed and food to eat. Which the South had cotton, their cash crop.


What is old economy?

The term "old economy" refers to traditional industries that have historically been the backbone of economies, such as manufacturing, agriculture, and mining. These sectors are characterized by established business practices and often rely on physical goods and labor-intensive production processes. In contrast to the "new economy," which emphasizes technology, services, and digital innovation, the old economy typically focuses on tangible products and conventional market structures. The old economy remains significant, especially in terms of employment and economic stability, despite the rise of newer sectors.


What are the limitations of old 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.


What effect did the Japanese seclusion edicts have on the economy?

It made the economy old-fashioned, and not up to date. Therefore, when the Japanese went to war, they were beaten because they had old weapons. After this, the shogun ended the seclusion edict, right as Commodore Perry came to treaty with Japan. He was welcomed, and a treaty was made between the US and Japan.


What type of economy is it where all economic decisions are based on age-old customs?

A traditional economy is where all economic decisions are based on age-old customs.

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What differences existed between the old immigrants and the new immigrant?

Old ones are old, and new ones are 13.


What are the differences between old Cartoon Network and the new CN?

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What are the differences between new basketball and old basketball?

New B-ball has more improved players while old ball has legendary ballers.


Differences between old phones and new phones?

The difference between the old and new phones depend on technology. There are those that use the Symbian operating system while there are those that use the Android Operating System.


What are 3 differences between the Old Testament and the New Testament?

Differences between the Old and New Testaments:They were written at very different timesThey were originally written in different languages (Old Testament in Aramaic and Hebrew, New Testament in Greek)The laws of the Old Testament were much more harsh. After the introduction of Christ in the New Testament, forgiveness and grace were a much heavier theme.


What is the differences between budding and fission?

In budding, the new organism is from the old organism. In binary fission, the old organism separate to form two new organisms.