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A traditional economy is a loosely defined term sometimes used for older economic systems in economics and anthropology. It may imply that an economy is not deeply connected to wider regional trade networks; that many or most members engage in subsistence agriculture, possibly being a subsistence economy; that barter is used to a greater frequency than in developed economies; that there is ...
The family economy is a term used to describe the family as an economic unit. The early stages of development in many economies are characterized by family based production. The early stages of development in many economies are characterized by family based production.
Traditional society has often been contrasted with modern industrial society, with figures like Durkheim and Pierre Bourdieu stressing such polarities as community vs. society or mechanical vs. organic solidarity; [3] while Claude Lévi-Strauss saw traditional societies as 'cold' societies in that they refused to allow the historical process to define their social sense of legitimacy.
A moneyless economy or nonmonetary economy is a system for allocation of goods and services without payment of money. The simplest example is the family household. Other examples include barter economies, gift economies and primitive communism. Even in a monetary economy, there are a significant number of nonmonetary transactions.
A dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand. The concept was originally created by Julius Herman Boeke to describe the coexistence of modern and traditional economic sectors in a colonial economy.
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Laissez-faire – type of economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies or regulations). Mercantilism – nationalist economic policy that is designed to maximize the exports and minimize the imports of an economy.
Lossky writes: "The distinction between οικονομια [economy] and θεολογια [theology] [...] remains common to most of the Greek Fathers and to all of the Byzantine tradition. θεολογια [...] means, in the fourth century, everything which can be said of God considered in Himself, outside of His creative and redemptive economy.