Answer:“Traditional” refers to those societies or elements of societies that are small-scale, are derived from indigenous and often ancient cultural practices. “Modern” refers to those practices that relate to the industrial mode of production or the development of large-scale often colonial societies.
Explanation:
Answer: capital in nature.
Explanation: In a capital market structure, the price of goods and services produced are determined by the market forces of demand and supply. In these economies private owners willingly makes exchanges to maximize their profits.
The production and consumption under such economies are purely determined by the market forces, as the intervention from Govt. is minimal.
The correct location on a place on the Earth is shown by using the meridians and the parallels.
The meridians are the vertical lines that are stretching from one pole to another, while the parallels are the horizontal lines that start from the Equator and make imaginary circles around the Earth in northern and southern direction. With the use of this two, we have the longitude and latitude at hand, so with a basic knowledge of cartography, every place can be located precisely on the surface of the Earth.
The Federal Reserve System has a two-part structure: a central authority called the Board of Governors in Washington, D.C., and a decentralized network of 12 Federal Reserve Banks located throughout the country.
