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A characteristic of a traditional economy is that children tend to have the same jobs as their parents did. This system relies on customs and practices passed down through generations, often involving agriculture or artisanal work. As a result, social roles and economic activities are typically stable and predictable, but standards of living may not be high compared to more industrialized economies.

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What feature would most likely included in an economic system based on traditional agriculture and self-sufficiency?

Barter


Is menorca a developed country?

Menorca is not a country; it is one of the Balearic Islands, which are part of Spain. As such, it is considered a region within a developed country. Menorca has a well-developed infrastructure, a strong tourism industry, and a high standard of living, characteristic of developed areas.


What are examples of standard of living?

The standard of living of a nation can be gauged from the facts how many percentage of population are able to meet the bare necessities of life :- two square meals a day, decent clothing, roof over head, access to safe drinking water. It would be such a society where average children will not suffer from malnutrition, average women folk with have healthy food to eat. Standard of living cannot be judged by the number of population a country has. Thus, the standard of living of Sweden, Denmark, Japan is much higher compared with vast populace country like China, India.


What are the Economic effects of divorce on children?

Usually their standard of living is lowered because now there are two households instead of one which means two rents or mortgages as well as the utilities for each. In addition, many times the non-custodial parent doesn't pay child support in a timely manner, if at all. Sometimes one parent remarries and has more children, so there is even less money for the children from the first marriage.


What is the link between poverty and child labor?

Poverty plays a very big part in in contributing to the need of child labour , it can be seen very clearly in a poor country such as India where the number of children a couple have is more then they can feed , so they send the children to work and earn a living.

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