According to identity development theory of James Marcia, exploration is the stage where exploring about self identity is done by a person by going to the options of life to achieve identity.Exploration is the method that provides the actual choice a person want to make by considering the options given by parent,guardian and other sources as well as self desire.
It involves question,researching, thinking,evaluation, reexamination etc to reach the final conclusion regarding their actual goals and career.High involvement is present in exploring options and opportunities.
The type of society that uses a traditional economic system would typically be an ethnic group or tribe. The traditional system is not typically used on a national level. Traditional economic systems answer basic economic questions by use of ritual, habit, or custom.