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You live in a society where some people go out to hunt and forage for food and others tend to the crops What kind of economy do you live in?
Traditional
Why do centrally planned economies tend not to be efficient?
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
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.
Is a market command or traditional economy most likely to come up with new and better products?
A free market economy is more receptive to new products and idea. The freedom offered in such nations helps towards the development of new products. Traditional economies and nations tend to rely on the older methods of product production and are heavily regulated, giving new idea and products less attention.
In the absence of unexpected shocks does the economy tend to experience inflation or deflation?
inflation
You live in a society where some people go out to hunt and forage for food and others tend to the crops What kind of economy do you live in?
Traditional
Non-traditional approaches to problems tend to be successful?
does non traditional approaches to problems tend to e successful
Why do centrally planned economies tend not to be efficient?
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
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.
When supplies are limited priced tend to?
increase
What do republican party do?
They focus on national security and national defences, also is against homosexuality
Is a market command or traditional economy most likely to come up with new and better products?
A free market economy is more receptive to new products and idea. The freedom offered in such nations helps towards the development of new products. Traditional economies and nations tend to rely on the older methods of product production and are heavily regulated, giving new idea and products less attention.
In traditional farming communities families tend to be?
Small (: NOVEL STARS ANSWER
What did the republicans believe that the us economy should be based on?
Republicans generally believe that the US economy should be based on principles of free market capitalism, limited government intervention, and individual economic freedom. They advocate for lower taxes, deregulation, and a focus on private sector growth and innovation as drivers of economic prosperity. They also tend to prioritize fiscal responsibility and balanced budgets.
What group of judaism hold tightly to traditional practices?
Traditional Jews tend to be Orthodox, but some non-Orthodox Jews also hold tightly to traditional practices.
How is the lesbian gay bisexual and transgender movement similar to the feminism movement?
They all challenge traditional roles and ideas and challenge what they see as oppression. Plus the LGBT movement and the feminist movement tend to overlap. It is natural that a number of lesbians are feminists and vice-versa. Gayness and transgenderism are sort of the flip side of feminism since those movements tend to liberate men.
Why organizations tend to resist change?
To reserve the traditional gap between genders.
