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What type of government is this (features) of this economic system? economic system associated with? What are the defining characteristics What is the historical context? (List 2 for each) 1.Traditional Society (Location)2 economy Time Period (not dates)?

What type of government is this (features) of this economic system? economic system associated with? What are the defining characteristics What is the historical context? (List 2 for each) 1.Traditional Society (Location)2 economy Time Period (not dates)?

Social Psychology (10th Edition)
Social Psychology (10th Edition)
10th Edition
ISBN:9780134641287
Author:Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers
Publisher:Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers
Chapter1: Introducing Social Psychology
Section: Chapter Questions
Problem 1RQ1
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What type of government is this (features) of this economic system? economic system associated with? What are the defining characteristics What is the historical context? (List 2 for each) 1.Traditional Society (Location)2 economy Time Period (not dates)?
Transcribed Image Text:What type of government is this (features) of this economic system? economic system associated with? What are the defining characteristics What is the historical context? (List 2 for each) 1.Traditional Society (Location)2 economy Time Period (not dates)?
1. Traditional Economy Traditional governments are not associated with particular types of governments. The people decide how much is to be produced and in what manner, depending on their individual or community's needs. Traditional economies began during the Neolithic Revolution (time period), all over the world, including early river valley civilizations (such as Mesopotamia, the Egypt river valley, etc. - society) Before this there was no real economic system. Traditional economies are based on agriculture (farming). They also rely on very simple barter trading (which involves exchanging certain goods for another type of good, without ever exchanging money). In a traditional economy, humans use the resources around them for food source, shelter, clothing, footwear or fuel. The entire family participated in the production of food and trading resources, and skills were handed down through the family. In a traditional society, most people would not have gone to school or learned a trade through a college, but would have learned traditional hunting, farming or trading skills that were passed down through the generations. There are still societies today that have traditional economies although industrialized nations like England have more modern types of economies. As humans' knowledge of science increased and technology improved, we have shifted away from traditional economies.
Transcribed Image Text:1. Traditional Economy Traditional governments are not associated with particular types of governments. The people decide how much is to be produced and in what manner, depending on their individual or community's needs. Traditional economies began during the Neolithic Revolution (time period), all over the world, including early river valley civilizations (such as Mesopotamia, the Egypt river valley, etc. - society) Before this there was no real economic system. Traditional economies are based on agriculture (farming). They also rely on very simple barter trading (which involves exchanging certain goods for another type of good, without ever exchanging money). In a traditional economy, humans use the resources around them for food source, shelter, clothing, footwear or fuel. The entire family participated in the production of food and trading resources, and skills were handed down through the family. In a traditional society, most people would not have gone to school or learned a trade through a college, but would have learned traditional hunting, farming or trading skills that were passed down through the generations. There are still societies today that have traditional economies although industrialized nations like England have more modern types of economies. As humans' knowledge of science increased and technology improved, we have shifted away from traditional economies.
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