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+--- Thread: What is a traditional market system? (/thread-114880.html)
What is a traditional market system? - krystal_engel - 03-24-2014 10:40 AM
If possible, please give an example. Also, is Singapore a traditional, planned or free market system? Thx
- MM - 03-24-2014 10:45 AM
Singapore's market system is free. A traditional economy is an economic system in which resources are allocated by inheritance, and which has a strong social network and is based on primitive methods and tools.