Answer:In a traditional economy, resource use and social behavior are dictated by ritual, habit, or custom. economies include the central African Mbuti, the Australian Aborigines, and the Inuit of Northern Canada.What type of economy do the Inuit of Canada have?
EconEdLink - Traditional Economies and the Inuit
They utilize a traditional economy in which they fish, hunt, and make primitive tools in order to get the food they need for survival. The spoils of any hunting are shared among the community. And they buy and sell very little, often only trading for basic necessitiesIs Inuit a command economy?
The Inuit of northern Canada provides an example of a traditional economy. For thousands of years, Inuit parents have been teaching their children the survival skills that they need to survive in the severe climate of the Arctic Circle. The children are taught how to fish, hunt, and make traditional tools.What type of economic system does Canada have?
Canada: Introduction >> globalEDGE: Your source for Global ...
Canada has a market economic system in which the prices of goods and services are determined in a free price system. Canada is a member of the Asia-Pacific Economic Cooperation (APEC), the North American Free Trade Agreement (NAFTA), and the Trans-Pacific Partnership (TPP).
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