NOT REALLY. You could make the argument that because there is no question of capital allocations that there is a higher degree of personal liberties a traditional economy and, therefore, more freedom to propose or consider new ideas. However, the ambit of those ideas (e.g. their variety and distinctiveness) is markedly limited because of the lack of diversity and variety in a person's environment if they are living in a traditional economy. As a result, the actual ambit of the ideas is much less than even a repressed person in an authoritarian-led modern economy. Additionally, the lack of capital and credit in a traditional economy means that prototypes conceived can often not be built or tested, meaning that the invention often would die as soon as the inventor forgets about it.
the traditional economy gain more money because of the products they sold
our mixed economy would become less of a command and more of a traditional economy.
A free market economy is more receptive to new products and idea. The freedom offered in such nations helps towards the development of new products. Traditional economies and nations tend to rely on the older methods of product production and are heavily regulated, giving new idea and products less attention.
Honoring Tradition
It would have been more apt, if it is reworded as How does the government regulation affect market economy. In a controlled economy, government decides what its economy should be and hence has no relevance.In a market economy, the fundamental aspect of Choice and freedom... This enables production as per market demand and also creation of new markets for products. Government regulations affect the choice and freedom and hence may affect the market dynamics and economy.
the traditional economy gain more money because of the products they sold
Because the economy of the Midwest is more traditional faming + industry. People in here value the tradition, religion, freedom and the constitutional rights while the coasts value change.
It is arguable that girls have more freedom to challenge traditional gender rolls. However it is also quite arguable that traditional gender roles were much more restrictive to girls than they ever were to boys.
yes to get more freedom and economy
The Enlightenment philosophers and thinkers began to challenge traditional ideas with a focus on reason, individualism, and skepticism toward authority. They emphasized the importance of scientific inquiry, freedom of thought, and human rights as foundational principles for creating a more just and enlightened society.
It triggered more radical ideas such as freedom and democracy.
our mixed economy would become less of a command and more of a traditional economy.
Well even though some people may have different ideas of traditional furniture. Traditional furniture is supose to have more of a "classic" look. You know more twords Renaissance furniture. Although alot of furniture ideas and definitions have changed alot to people and companies.
A free market economy is more receptive to new products and idea. The freedom offered in such nations helps towards the development of new products. Traditional economies and nations tend to rely on the older methods of product production and are heavily regulated, giving new idea and products less attention.
Honoring Tradition
Honoring Tradition
India was based more on a traditional economy before the British came, but after British Rule they have been influenced to become a more mixed economy.