A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
a non-industrialized nation
command
Barter
rifles, telephones, television
A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
a non-industrialized nation
command
Barter
Barter
rifles, telephones, television
Socialism
well the economic system has a lot to do with food so if you eat now you would have your answer and you would think better
Planned economic systems would have the least private ownership.
ommunity? If you mean community I can help :) In a community its a specialization that connects people. My little sister is a cake baker and she is very professional, my best friend a great mechanic . Sara needed her car fixed and Jon needed a cake for his wedding. They agreed if they helped each other, neither would have to pay. That is why now Sara has a new friend Jon.
a socialist country
We would need to know what economic system you mean to respond to this question.