Characteristics of traditional economy

• [DOC File]DOT - QX

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  DIRECTIONS: Determine whether each of the characteristics is a command economy, traditional economy, market economy, or mixed . economy. Write command, traditional, market, or mixed in the box. Also called capitalist economies Government and individuals share the responsibility of answering the economic questions.

  traditional economic system

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• [DOC File]DIRECTIONS: Determine whether each of the characteristics ...

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  What are the characteristics of a . traditional economy. with regard to the five main elements? (PL) Private ownership is based on. Profit motive. Consumer Sovereignty. Competition. Government regulation. What are the characteristics of a . command economy. with regard to the five main elements? (PL) Private ownership.

  traditional economy pros and cons

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• [DOC File]Traditional Economy - Calendar

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  Characteristics of a Traditional Economy. Advantages: It clearly _____ the three economic questions; Produces what is best to ensure the _____of the society with little disagreement over goals and roles

  advantages of traditional economy

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• [DOC File]Economics - Krizan Classroom Website

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  Traditional Economy: an economic system that is based on what has been done in the past. Command Economy: an economic system in which the government usually decides what to produce, how to produce it, and who will consume it. Mixed Economy: an economic system that is a combination of the different economic systems. 1

  traditional economic system characteristics

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• 8 Remarkable Pros and Cons of a Traditional Economy – ConnectUS

  A Traditional Economy is a system where the allocation of available resources is made on the basis of inheritance. As a deep-rooted economic theory with well-built social set-up, Traditional Economies generally make use of prehistoric instruments and techniques.

  examples of traditional economy

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• [DOCX File]Fundamental of Economics 1.2 - About EDConfidence

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  Characteristics Traditional Market Command Mixed Who makes economic decisions? What is the government's role in the economy? What motivates the economy? How are resources allocated? Is the level of competition high or low in the economy? What are examples of this type of economy?

  key features of traditional economy

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• [DOC File]Traditional Economy

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  Traditional Economy. What is a traditional economy? ... What are some characteristics of a mixed economy? In a mixed type economy, both the private ownership as well as the state takes part in the means of production, distribution and other types of economic activities. A feature of a market economy is allowing private participation and ...

  picture of traditional economy

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