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kipMoorithj7u
kipMoorithj7u kipMoorithj7u
  • 13-03-2016
  • Social Studies
Answered

How does a traditional economy differ from a capitalist economy?

Verified Answer :

Hagrid
Hagrid Hagrid
  • 13-03-2016

Traditional economy is shaped by tradition or economic system in which resources are allocated in inheritance, and which has a strong social network and is based on primitive methods and tools. While Capitalist Economy is an economic system based on private ownership of capital.

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