economic systems

Discuss the traditional economic systems with examples.

Leave a Comment / Social Anthropology (MAN-001) /

Introduction Traditional economic systems are those that are based on customs, traditions, and beliefs passed down through generations. These systems are mostly found in tribal or rural communities and operate without modern banking, industrial production, or commercial trade. Instead of money, these communities often rely on barter, sharing, and communal ownership. In this post, we […]

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Explain mixed economic system. What are its main features, merits and demerits?

Leave a Comment / Social Policy and Social Development /

Introduction A mixed economic system is a combination of both capitalism and socialism. It is an economic model where both private enterprises and the government play important roles in the economy. This system seeks to combine the efficiency and innovation of private businesses with the social welfare objectives of the government. Most countries today, including

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Discuss the legacy of the institution of slavery in Latin America.(500 words)

Leave a Comment / MPS, MPSE-002 /

The legacy of the institution of slavery in Latin America is profound and continues to shape the social, economic, and cultural landscapes of the region. Slavery had a lasting impact on the development of Latin American societies, and its consequences persist in various ways: 1. Cultural Diversity and Syncretism: 2. Racial Hierarchy and Discrimination: 3.

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