Read more about the article Feudalism: A Traditional Economy
feudal eco. image cr: Britannica

Feudalism: A Traditional Economy

Introduction The traditional economy is the primitive economy or the pre-industrial economy. It is characterized by an excessive pre-occupation with agrarian production and simple economic activities such as hunting, gathering,…

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Read more about the article Mercantilism: Meaning and Features

Mercantilism: Meaning and Features

What is Mercantilism? Economic theory is a set of thoughts, beliefs, traditions, or laws that are employed in the study of economic phenomena and solving economic problems. Economic theory is…

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Economic Thoughts and Systems

  Economic Thoughts and Systems Source: Wikipedia Economic thoughts are theories, laws, and principles guiding economic situations at a particular period of time. That is, this thought will be responsible…

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