Question
How might strongly defined economic roles and goals be both a strength and a weakness of traditional economies?
Solution
VerifiedAnswered 1 year ago
Answered 1 year ago
In traditional economy, the only goal is to survive and the most important thing is honoring traditions. Strongly defined roles and goals can be strength of one society, because people are concentrated on reaching the main goal, survival. So, there are no conflicts between member of community. Also, this strongly defined roles and goals are a weakness. Traditional economy does not support progress and changes. So in this economics system, people won't be productive as they could be. This means less wealth, lower standard of living and people who work without motivation.
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