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A traditional economy is typically based on agriculture, barter, and subsistence farming, relying heavily on customs and community practices. In contrast, a tech-advanced economy leverages technology, innovation, and digital infrastructure to drive production, trade, and growth, often incorporating global markets and advanced manufacturing techniques. This shift leads to increased efficiency, higher productivity, and greater access to information and services. Additionally, tech-advanced economies tend to have more dynamic labor markets and diverse job opportunities compared to traditional economies.
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What is the difference between a traditional and market economy?
In a {Traditional Economy}, economic decisions are based on customs handed down from generation to generation. In a {Market Economy} individuals make their own decisions about what to produce how to produce it & for whom to produce it.
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 is the difference between a barter and monetary economy?
what is the difference between barter economy and monetary economy ?
What is the difference between a mixed economy and a market economy?
A mixed economy is a combination of communist, market and traditional economies. A market economy basically has free reign over the production and distribution of goods and services.
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
What is the difference between traditional economy and market economy?
In a {Traditional Economy}, economic decisions are based on customs handed down from generation to generation. In a {Market Economy} individuals make their own decisions about what to produce how to produce it & for whom to produce it.
What is the difference between a traditional and market economy?
In a {Traditional Economy}, economic decisions are based on customs handed down from generation to generation. In a {Market Economy} individuals make their own decisions about what to produce how to produce it & for whom to produce it.
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 is the difference between a barter and monetary economy?
what is the difference between barter economy and monetary economy ?
What is the difference between a mixed economy and a market economy?
A mixed economy is a combination of communist, market and traditional economies. A market economy basically has free reign over the production and distribution of goods and services.
What is the difference between the hummer and the hummer h3?
The H3 is a smaller version of the traditional Hummer. The H3 has beter fuel economy and is more geared for urban life when comared to the traditional hummer.
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
What is the difference between economy and economics?
The difference is that Economy is a system and Economics is the study of something.
What is difference between economics and economy?
The difference is that Economy is a system and Economics is the study of something.
What is the difference between a market economy and a mixed economy?
In a mixed economy, there are more government regulations.
What is the price difference between first class and economy class tickets for this flight?
The price difference between first class and economy class tickets for this flight is 500.
What is the difference between the economy of Japan today and the economy of the Philippines today?
The Philippines is not nearly as industrialized. The economy is unstable.
