Which type of economic system relies primarily on hunting gathering,herding,and farming to maintain self-sufficiency? 1. traditional2.
Which civilization is most directly associated with these descriptions?
Answer Expert Verified The civilization that is most directly associated with these descriptions would be “Mali” although it should be noted that there are other aspects of this culture as well.
Which condition is most closely associated with Mexico between 1910 and 1930 *?
Which condition is most closely associated with Mexico between 1910 and 1930? Revolutions and political instability.
Which is an example of a traditional economic system?
When people in traditional economies engage in farming from hunting, they try to settle down and gradually form a society. Less threat to the environment as the people mostly use traditional ways of occupation like farming, fishing, cattle rearing. There is no wastage in this type of economic system. They consume whatever they produce.
What are the four types of economic systems?
There are basically four main types of economic systems – Traditional Economy, Command Economy, Market Economy, and Mixed Economy. In this article, we learn about each of the types of economic system in detail.
Which is an example of a command economic system?
Economies that have access to large amounts of valuable resources are especially prone to establish a command economic system. In those cases, the government steps in to regulate the resources and most processes surrounding them.
How are economic systems based on the concept of free markets?
Market economic systems are based on the concept of free markets. In other words, there is very little government interference. The government exercises little control over resources, and it does not interfere with important segments of the economy. Instead, regulation comes from the people and the relationship between supply and demand
