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Which is characteristic of a traditional economy Children tend to have the same jobs as their parents did They have a high standard of living They are usually based on light industri?
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What feature would most likely included in an economic system based on traditional agriculture and self-sufficiency?
Barter
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 traditional economy?
people in traditional economies accept change easilyA traditional economy is a very underdeveloped economy that often depends on agriculture as its main base. Perhaps hearkening back to its agrarian roots, a traditional economy is also known as a subsistence economy.In order to fully understand a traditional economy, it is necessary to first define the three main economic systems. Market economies are so called because prices are determined by market prices. In command economies, prices and supplies are determined by the government. In traditional economies, there may be no prices whatsoever.A traditional economy is a system where traditions, customs and belief systems determine its operation. In that state, this type of economic system may go unchanged for quite some time. Once this economy does begin to change, it usually morphs into one of the other systems mentioned previously.One of the unfortunate hallmarks of a traditional economy is its relation to poverty. Indeed, most of those inside of such a system find themselves mired in poverty their entire lives. This is significant. In his book titled Capitalism at the Crossroads, Stuart L. Hart notes that 4 billion people may be trapped in traditional economies.While there may be no nation on Earth today that has a purely traditional economy, the sheer number of the world's population in such economic systems indicates there are wide swaths of the world population in "sub-economies," primarily in the Third World.Though these economies may not be the official standard for the country, they do tend to keep any available wealth in the hands of a very few. In many cases, a traditional economy may have no official currency whatsoever. The economy works through bartering and trading, and there is very little of that because so little surplus is produced. In traditional economies, most produce only enough to keep their families alive. Any surplus in a traditional economy may go to a landowner or ruling authority.The businesses make the decisions.
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.
What is a synonym for typical?
usual, characteristic, standard, symbolic.
How are standard and nonstandard measurement similar?
They are all measurements of some characteristic.
What is the main characteristic of family 18 elements?
The lowest chemical reactivity of all elements is the main chemical characteristic. An important physical characteristic is that they are all gases at standard temperature and pressure.
What are the Characteristics of a standard USB port?
1.16What is a characteristic of an RSTP edge port?
Which characteristic of the Gilded Age does Andrew Carnegie allude to in this passage?
An increase in the Standard of living
What is the standard notation to the moon?
The answer will depend on what characteristic of the moon is being measured in what measurement units.
What are the characteristics of standard deviation?
There are a few characteristics of standard deviation. Standard deviation means that something is predictably doing something other than what it typically does. One characteristic is that it is frequent.
What is better a Gibson Les Paul Standard or a Gibson Les Paul Traditional?
Standard. Play them both and you will understand.
How Does A Traditional Cataract Surgery Perform?
Traditional cataract surgery, or Phacoemulsification, is a standard and effective surgical procedure to remove cataracts.
What is an acceptable characteristic for a criminal statute?
It specifically defines the offense and it specifically sets a standard of punishment.
Did john standard have any children?
no
Give four characteristics of standard English?
"Give four characteristics of standard English?"
