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What is a traditional market system?
03-24-2014, 10:40 AM
Post: #1
krystal_engel Offline
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What is a traditional market system?
If possible, please give an example. Also, is Singapore a traditional, planned or free market system? Thx
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03-24-2014, 10:45 AM
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MM Offline
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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.
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