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27 June, 17:55

How does a traditional economy differ from a capitalist economy

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  1. 27 June, 19:17
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    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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