Dead94

04.03.2023 13:30

Английский язык

Есть ответ 👍

Перевести текст. заранее of the various types of economies in the world today, market economy - which is predominantly a capitalist economy, and mixed economy - which has a blend of capitalism and socialism, are perhaps the most popular ones. on the other end of the spectrum, lies the traditional economy - a type of economy which has been virtually phased out as a result of extensive economic growth and development.in economics, an underdeveloped economy wherein people still use primitive tools and resort to age-old methods of harvesting is referred to as traditional economy. one of the most salient feature of this type of economy is very little or total absence of economic growth. there do exist some definitions which stress on the fact that it is an economy which is entirely dependent on its agricultural sector, and therefore it can be also known as subsistence economy. while that is the generally accepted definition, socialist economists believe that it can only be considered complete when you add to it the fact that these economies have a well rooted social setup.the traditional economy concept, which was quite popular in older times when most of the countries were dependent on agriculture, fizzled out as these countries inched towards development. as a country with traditional economy inches towards development, it morphs into one of the various other types of economy.