93.6k views
2 votes
How does a traditional economy differ from a capitalist economy

User Maulzey
by
8.1k points

1 Answer

2 votes
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.
User Elliott Hughes
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.