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Traditional economies are usually run at a tribal level, so the TRIBAL CHIEFTAIN has the most power.

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7y ago
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7y ago

In a traditional economy, the owner of property is the person who acquires it through personal action or trade.

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Q: Who controls the traditional economy?
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Traditional economy coutries?

What type of Government is in control in a traditional,command and market economy? Who controls the resources? Distribution of goods and services? Controls productions? What are the negative affects on society? Benefits to society for each form of economy?


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china is not a traditional economy now. It has emerged as mix economy.


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