What are some of the reasons that a traditional economy can lead to the economic stagnation?

2 answers:

eduard2 years ago

4 0

Because traditional economies are characterized as being primarily agricultural, they are prone to stagnation since they rely heavily on weather, which can be unpredictable and pragmatic.

dangina [55]2 years ago

4 0

I believe the answer is: It tends to discourage new ideas & new ways of doing things, it leads to lack of progress

Traditional economy often very reliant on culture and heavily criticise new methods or inventions that creative people try to implement.

When a region with traditional economy compete with region with modern economy compete, region with traditional economy often unable to beat their competitors in terms of output, complexity , and time efficiency.

You might be interested in

What was Confucianism

Blizzard [7]

Confucianism was composed of a set<span>of political and moral doctrines with the teachings of Confucius as its basis.</span>

4 0

2 years ago

Read 2 more answers

The candidate who wins majority of the electoral votes becomes?

yaroslaw [1]

They become President.

7 0

3 years ago

Read 2 more answers

Israel’s leaders were called?

Minchanka [31]

Answer:

Prime Minister or President

Explanation:

I am sorry if I am not a help

6 0

2 years ago

Which statement accurately describes what happened in a number of European countries in the 1800s as a result of the influence o

kolezko [41]

Answer: C) Nationalistic movements created upheaval in the traditional political and social order.

Explanation:

Since the French Revolution encompased ideals such as freedom, liberty and equality, the traditional social order of lords and subjects was seen as unequal and antiquated. Many popular protests and revolts took place in the middle of the century looking for social change and legislation so as to include a wider margin of the population in the process of desicion-making and governance, displacing the traditional aristocracy.

Moreover, Nationalistic movements sprung up all over Europe as people came to identify themselves by similar culture, tradition and language. This Nationalistic movements also shattered the traditional misconceptions of kingdoms as the now former subjects wished to govern themselves along the lines of what they considered to be their own nations.

3 0

3 years ago

Read 2 more answers

How do courts set precedent

Triss [41]

A precedent is a previously made court decision that is used as a guideline for future cases. When an unfamiliar problem comes to court, the resulting decision may become a precedent for a similar future case.

6 0

2 years ago