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Sedbober [7]
3 years ago
6

How does a traditional economy differ from a capitalist economy

Social Studies
1 answer:
DaniilM [7]3 years ago
3 0
Traditional Economy differs from capitalist economy because a traditional economy is where it is through family, traditions. Capitalist Economy is where there is a business owned by a company or a private business.

Example: A family has been giving medical service to their village for over 3 generations. This practice has not been stopped.

Mojang (the owners of Mincraft) have minecraft under their private owned business.
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Explain the importance of slaves to the English​
saw5 [17]

Answer:

it has high economical effect as The British economy was transformed by the Atlantic slave trade. In 1700, 80 per cent of British trade went to Europe from ports on the east and south coasts.

By 1800, 60 per cent of British trade went to Africa and America, sailing from the three main west coast ports - Glasgow, Liverpool and Bristol.

Ports such as London, Bristol and Liverpool prospered as a direct result of involvement in the slave trade. Other ports, such as Glasgow, profited from the tobacco trade. Thousands of jobs were created in Britain supplying goods and services to slave traders.

In a period that saw Britain industrialize, profits could be made by exporting manufactured British goods to Africa and then further profits accrued from imported slave products such as sugar, which became very fashionable with the British people.

The slave trade was important in the development of the wider economy - financial, commercial, legal and insurance institutions all emerged to support the activities of the slave trade. Some merchants became bankers and many new businesses were financed by profits made from slave-trading.

The slave trade played an important role in providing British industry with access to raw materials. This contributed to the increased production of manufactured goods.

The graphic below shows the parts of Britain's economy that benefited from the slave trade

Explanation:

3 0
3 years ago
Read 2 more answers
According to the text, economics is the study of how: a) governments allocate resources in the face of constraints. b) governmen
Ad libitum [116K]

Answer:

c) human beings coordinate their wants and desires.

Explanation:

Economics is the investigation of the human needs and their desires and the interference of social, political and economic factors in the decisions leading to the fulfillment of those needs and desires. Economics sheds light on the importance and effect of social situations and political realities of a society and that how it interacts with the decision making process and strategies utilized by the people living in that society. Hence, economics is the investigation of human beings coordinating and fulfilling their wants and desires under social and political influences.

3 0
3 years ago
The occupant inside a rotating space habitat of the future feels that she is being pulled by artificial gravity against the oute
geniusboy [140]

Answer:

C. Centrifugal force causes her to move in a circular path.

Explanation:

In the case when the occupant that inside a rotating space and it feels that she is pulled by a gravity i.e. artificial so here the following statements are true

a. The floor shows there is a centripetal force so that she move in a circular path

b. At each and every moment the tendency of her would be moved in a straight line path

c. The floor would be intercepted the path and it would be pressed when it would be opposite to her feet

So the remaining statement would be considered as a false

5 0
3 years ago
Psychologists have taught children to like healthful vegetables by pairing new vegetable flavors with the flavor of sugar to pro
mariarad [96]

Answer:

Classical conditioning

Explanation:

Classical conditioning is a method of learning that associates a particular kind of reflex reaction to a specific type of stimuli. This theory of learning was proposed by Ivan Pavlove, a Russian psychologist. He associated a conditioned stimuli with a neutral unconditioned stimuli to produce a behavioural pattern known as a conditioned response. Example of unconditioned stimuli includes pain of food

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3 years ago
Why does cats meow huh​
kaheart [24]
The same reason why cows moo
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