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China's traditional economy is primarily agrarian, characterized by subsistence farming and reliance on agriculture, handicrafts, and local trade. Historically, it operated within a system of Confucian values, emphasizing family, community, and social hierarchy. The economy was largely decentralized, with local markets and barter systems playing a significant role. Over the years, China has transitioned to a more market-oriented economy, but many traditional practices and cultural influences remain embedded in its economic activities.
What else can I help you with?
Is chinas economy good?
No it is not.
What is the economic system in Kazakhstan?
Kazakhstan has a Traditional economy
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.
Is chinas economy good?
No it is not.
Who attempted to modernize chinas economy?
Mao Zedong
Chinas fastest growing economy is facing a major challenge of?
Challenges Of WTO regime
What is the economic system in Kazakhstan?
Kazakhstan has a Traditional economy
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!!!!
Chinas economy is known as a what economy?
China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy
What type of economy does the honduras's have?
A traditional economy.
What is the type of economy for Bahrain?
traditional economy
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.
