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Individuals decide what to produce and how to product it.
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The primary method of exchange in a traditional economy is and?
barter;trade
Who controls the traditional economy?
Traditional economies are usually run at a tribal level, so the TRIBAL CHIEFTAIN has the most power.
What is trade in the economy?
A trade in a economy is what they trade for money.
What is the economic system in Kazakhstan?
Kazakhstan has a Traditional economy
Does England have a traditional economy?
No, countries that use a traditional economy are usually primitive, rural and use a system of barter and trade. As the manufacturing industry continues to decline in England, Its service, finance, and tourist industries continue to show healthy growth.
The primary method of exchange in a traditional economy is and?
barter;trade
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.
Who controls the traditional economy?
Traditional economies are usually run at a tribal level, so the TRIBAL CHIEFTAIN has the most power.
What is trade in the economy?
A trade in a economy is what they trade for money.
What is the economic system in Kazakhstan?
Kazakhstan has a Traditional economy
What a traditional economy?
A traditional economy is an economic system where decisions are based on customs, beliefs, or religion within a social community. People work together to produce goods to meet their needs, and share with family. They trade with their community/family with their excess.
Does England have a traditional economy?
No, countries that use a traditional economy are usually primitive, rural and use a system of barter and trade. As the manufacturing industry continues to decline in England, Its service, finance, and tourist industries continue to show healthy growth.
Habit and custom determine economic activities in a?
Traditional Economy
What is a good word sentence using the word traditional economy?
china is not a traditional economy now. It has emerged as mix economy.
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
When did traditional economy start?
Traditional economy has been around since the dawn of man!!!!
What are the 4 economic systems?
The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy is the most basic.
