Topic: Traditional Economy
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What is a Traditional Economy?
A traditional economy is one rich with customs and traditions. An economy like this has a strong social network, family is important and many resources are owned because they are inherited. Look here for more information: http://en.wikipedi... Read More »
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What is the definition of traditional economy?
Traditional Economy- IS IT BASED ON CUSTOM AND HABBITS AND TRADITION THEY USE METHODS TO HARVEST AND HUNT FOR FOOD TRADITIONAL ECONOMICS ARE FOUND IN RURAL REGIONS/RURAL AREAS Read More »
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What are the characteristics of an traditional economy?
Economic decisions are based on habits and customs. Read More »
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Traditional Economy
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Answers to Other Common Questions
to keep doing things over and over the same way in the past
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Source: http://wiki.answers.com/Q/What_motivates_the_traditional_economy
Answer India and it's caste system. You are born into a certain realm of career choices and a distinct class and lifestyle. Traditional economies exist also (at the most fundemental level) in rural areas dependant upon subsistence farming a...
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Source: http://wiki.answers.com/Q/How_was_the_life_in_a_traditional_econo...
economy is stuidy live of personal approche
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Source: http://wiki.answers.com/Q/What_is_principles_of_traditional_econo...
They follow cultural customs They don't change over a long period of time (like they don't have TVs Basic technology's--like simple tools Use minim resources They may not even use money and instead barter or trade. Kin ship ( i guess) Every...
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Source: http://wiki.answers.com/Q/What_are_the_featuers_of_traditional_ec...
Traditional Economies Traditional economies refers to countries which have their economy based on the basic economic activities of hunting and gathering or farming. A traditional economy is basically an economic system in which resources ar...
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Source: http://wiki.answers.com/Q/What_are_examples_of_traditional_econom...
A traditional economy is an economy which decisions and choices are all based on what was done in the past, (history , beliefs etc.). Few traditional economies exist today. A common traditional economy are the Aboriginal peoples. Some tradi...
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Source: http://wiki.answers.com/Q/Which+country+has+the+wrost+economy
