A market economy is an economic system where goods and services are produced, distributed, and priced based on the interplay of supply and demand. In this type of economy, individuals and businesses interact freely, making their own decisions about what to produce and consume. Prices are determined through open competition, and private ownership of resources is prevalent. The government's role is typically limited to ensuring a level playing field, enforcing property rights, and regulating some aspects of economic activity. Market economies are characterized by their flexibility, innovation, and the potential for individuals to pursue their own economic goals.

How are money and barter and money alike and different

Broker, retailer, seller, sender, vendor, trafficker, shipper, marketer

Bartering comes in many shapes and sizes. Two of the most important aspects are trust and community. Alset is working to create a space where bartering can be executed effectively and efficiently. You can download the app to join the bartering movement and connect with a forward looking community. You can find it on the App or Google Play store: Alset Community

A subsistence economy has benefits that are few and far between, however they do exist. Thus i will proceed to list them. 1) A subsistence economy only creates enough food for its people so no surplus is created and no food will be wasted through any form of disposal. 2) Many subsistence economy's have many resources but not the technology or wealth to exploit aforementioned resources, thus making them ripe for exploitation by rich capitalists, thus driving up the countries GDP. 3) Workers in a subsistence economy are motivated as they must work hard to feed their potentially starving family's, and if they do happen to get fired they will (with almost no doubt) be led to an early grave. 4) There is no shortage of easily exploitable workers in a subsistence economy as everyone wants work and everyone is willing to receive a pittance for the work, and child labor is not outlawed in many subsistence economies. 5) Governments in subsistence economy's are easily corrupt by rich capitalists (and the government can't be unseated by the citizens in any form of rebellion as they are all to weak) which can potentially drive up standards of living in the country if the government uses any of its money to help citizens. 6) In a capitalist economy wants are said to be 'unlimited'. This is the economic problem. But in a subsistence economy all the citizens want is food, water and shelter. There is no time for luxuriating or dreaming. Hopefully i have satisfied your question, and if not this was difficult so stop whining. But advantages of a subsistence economy? What an odd question. On the contrary the only reason I found this was because i am researching the same topic. Have fun out there ~Dylan F~

There was a period in the Early Middle Ages when very few coins were produced, and the presumption is that during this period economies of Europe were dominated by barter, though there is no record of this. We know that a stable currency was introduced by Charlemagne with the Frankish denier, which was intended to reestablish the Roman denarius as a monetary basis. The denier was adopted by a large number of other countries, including the Ango-Saxon kingdoms, where the new penny was of very similar value.

repetition, rhyme, similes

Obama white :D

The manufacturers produce whatever they can sell, from the raw materials available to them. Their sales will result from how their products meet the needs and wants of their customers. The decision on what to produce is driven by the market demand of consumers.

In a capitalist system, the government answers the three basic questions.

Strong socail network based on primtive methods and tools produce more food than they need tade surplus for goods

Its simple, one tribe or "Trade Groups" would go up to the settlers or the U.S. forts and simply trade. Both sides usually got what they wanted. But the White mans goods had diseases that the Lakota had never encountered. Because of this, many Lakota died.

Kenya

There are no pure traditional economy in the World now. India is not a traditional economy. Many economies continue with traditional small scale/ cottage/ village industries limited by local markets as well as traditional small scale fragmented land farming, but most economies have modern industries and transport, growing urbanization. None of the countries can be strictly referred to as traditional economies. And, many of the countries are exporting and importing through cross border trade. Many are capitalist economies, often mixed economies. Some are relatively closed economies with communist or religious dictatorships.

If you mean which countries have small scale traditional industries coexisting with modern industries, then most undeveloped and developing countries fall in this category. They include, beside India, Pakistan, Sri Lanka, Bangladesh, Nepal. Vietnam, Indonesia,. Myanmar, , Mauritius, several poor African countries.

A traditional economy is an economic system in which resources are allocated by inheritance, and which has a strong social network and is based on primitive methods and tools. It is strongly connected to subsistence farming. Most countries that have historically had a traditional economy have replaced it with a command economy, market economy, or mixed economy. However, it is still found today in underdeveloped, agricultural parts of South America, Asia, and Africa. A traditional economy is where people produce most of what they need to survive. Hunting and gathering, farming, and herding cattle are the bases of traditional economy. People hunt for the food they eat or raise it themselves. Often they make their own clothing and tools. If they produce more food than they need, they trade the surplus, or extra food, for goods made by others.

Ask your Social Studies teacher.

Traditional economies lead to less economic prosperity than capitalist and planned economies because of the efficiency of industrial production. As a result, people are voting with their feet and wallets to leave traditional economies and embrace capitalism or some other form of industrial economy.