What Is a Traditional Economy?
A market lets prices guide, a command economy a plan, and a traditional economy custom.
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1.What guides a traditional economy?
A market lets prices guide, a command economy a plan, and a traditional economy custom.
2.What three questions must every economy answer?
Put simply: which crop you plant, which method you use, and whose table the harvest ends up on.
3.Which of these is one of Polanyi's three ways goods move?
The three are reciprocity, redistribution and householding (Polanyi).
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Sources (5)
- Traditional economy (Wikipedia, Stub-Artikel)
- AnthroBase: Polanyi, Karl (1886-1964)
- Kula ring (Wikipedia)
- Wiessner, P. and Huang, C. H.: A 44-y perspective on the influence of cash on Ju/'hoansi Bushman networks of sharing and gifting (PNAS, 2022)
- Eigene Rechnung: synthetisches Dorfmarkt-Beispiel (Brot, Fisch, Honig; Tauschsaetze nach Brauch)
Education only. Not financial advice.