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

2 answers:

eduard3 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]3 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

I’m 1998, Canada and the United States extended the FTA to form NAFTA which ____

vekshin1

The answer is B, established a free trade zone with Mexico

6 0

3 years ago

The Song dynasty is accredited with improving the government employment by creating _________.

Vika [28.1K]

Permanent standing navy

3 0

3 years ago

Read 2 more answers

How did the Native American’s react to the Spaniards?

Vlad [161]

Answer:

They woke up and smwlled the coffee

In other words they knew sokething was wrong

6 0

3 years ago

Read 2 more answers

In the middle of the 19th century, a new group of revolutionaries emerged united by a common belief in socialism. What is social

Marat540 [252]

socialism is a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

The People's Republic of China (PRC) was established on October 1, 1949. However, an assessment of Chinese communism cannot begin there. It must begin about 30 years earlier, because the preceding years shaped the PRC as a communist state. Chinese communism has had a remarkable continuity of leadership. Mao Zedong (W-G: Mao tse-Tung, 1893-1976) and his colleagues were party members in the 1920s. Mao was instrumental in establishing an early form of Chinese communism in the years 1928-34. He helped to develop it and create the military and political strategy in the Yenan years of 1935-45 that won the civil war in 1949. He then went on to mold communist China and ruled it - in his last years at least in name - until his death in September 1976.

hope that was helpful

3 0

3 years ago

In your own words define capitalism and Laissez-faire.

kolezko [41]

Answer:

Often, laissez-faire capitalism is also referred to as free market capitalism or market capitalism. Simply put, laissez-faire translates to “leave us alone” meaning that the government should remain out of the economy and instead allow individuals to freely carry out their own economic affairs.

Explanation:

PLEASE MARK ME AS BRAINLIEST

7 0

2 years ago