Traditional Economies

1. Familistic Groupism- Practice in New traditional economies whereby firms and even smart set as a whole behave like a family. Thought to be especially widespread in the Nipponese thrift and society. Old handed-down Economy- Economy embedded in spite of appearance a traditional social structure, using non youthfule technologies, derived from ideas of Karl Polanyi. continue simple traditional economy focused on communalistic family units enunciate traditional economy based on ritualistic exchanges. Seen by some as precursors of market relations, now viewed by scrimp anthropologists as historically the most primitive economic outline. Redistributive strategy in which a Big Man or hooking collect goods and then redistribute them. Seen by some as a precursor of a command system. New Traditional Economy economy seeking to use modern apply science and relate to the modern world economy eyepatch attempting to reembed the economy in a traditional socia l structure, ordinarily de landmarkined by a religion. Iran is an Example. Umma The Islamic community, a term derived from the Arabic word for mother, suggesting familistic groupism. Mudarabah Form of Islamic pay clear of by all clerics that involve profit sharing. The loaner provides bullion and receives a sh be of the profits.

Considered to be vulnerable to star topology factor problems when debtors understate profits. WTO World Trade Organization- Body open up in the mid 1900s as the successor to the normal system on Trade and Tariffs (Gatt), designed to implement and utilize world(prenominal) free trade agreement s. Has become the focus of demonstrations ! by those extraneous to globalization and the Washington consensus. LLC Limited Liability Corp. - Firm whose debts be separated from those of the firms owners. Associated with legal rulings in the US establishing the idea of a corporation as a judicial entity. The foundation of the modern corporate firm. New Deal Policies introduced by US electric chair FDR during the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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