Traditional Economies

1. Familistic Groupism- Practice in New traditional economies whereby firms and even familiarity as a whole behave like a family. Thought to be especially widespread in the Japanese thrift and society. Old traditionalistic Economy- Economy embedded at heart a traditional social structure, using non moderne technologies, derived from ideas of Karl Polanyi. home base simple traditional economy focused on communalistic family units give voice traditional economy based on ritualistic exchanges. Seen by some as precursors of market relations, now viewed by stinting anthropologists as historically the most primitive economic outline. Redistributive dodge in which a Big Man or draw play 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 date attempting to reembed the economy in a traditional social structure, ordinarily de experimental conditionined 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 lender provides bullion and receives a sh be of the profits.

Considered to be vulnerable to main(prenominal) factor problems when debtors understate profits. WTO World Trade Organization- Body realised in the mid 1900s as the successor to the world-wide system on Trade and Tariffs (Gatt), designed to implement and follow up worl d(prenominal) free trade agreements. Has b! ecome the focus of demonstrations by those contrasted to globalization and the Washington consensus. LLC Limited Liability Corp. - Firm whose debts ar 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 president FDR during the...If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay