Tierra1k Tierra1k
  • 10-05-2016
  • Social Studies
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How does a traditional economy differ from a capitalist economy

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DerRoteBaron
DerRoteBaron DerRoteBaron
  • 10-05-2016
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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