Answer:
Traditional Economy
Explanation:
A traditional or patriarchal economy is an economic system in which traditions and customs determine the practice of using limited resources. It is the oldest type of economy. In a traditional economy, land and capital are in common possession, and the main economic problems of society - what, how, and for whom to produce - are solved mainly on the basis of traditional tribal or semi-feudal hierarchical relations between people. The traditional economy is based on backward technology, the dominance of manual labor, and agricultural production.
This type of system is characteristic of third world countries. It continues to persist in the agricultural zones of America, Asia, and Africa. It implies natural-community forms of activity, which are based on collective farming.
Answer:
progressive Imperialism
Explanation:
According to Progressive Imperialism, the policy of extending the influence to regions in the world under the justification of opening trade becomes the norm. The military supremacy of the US enabled them to set conditions for expanding the markets to areas of the world were formerly there was only local or regional trade and together with the effort to gain economic control comes the political control exerted upon the Panama channel.
As more and more areas of influence come to be dictated by the logics of economic , the foreign policy focuses on using diplomatic means and if this fails the hard politics through military intervention and war are set.
