Old Traditional Economy- Economy embedded within a traditional social structure, using non moderne technologies, derived from ideas of Karl Polanyi.
abode simple traditional economy focused on communalistic family units
joint 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 system in which a Big Man or attracter collect goods and then redistribute them. Seen by some as a precursor of a command system.
New Traditional Economy economy seeking to use modern applied science and relate to the modern world economy while attempting to reembed the economy in a traditional social structure, usually determined 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 finance 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 principal factor problems when debtors understate profits.
WTO World Trade Organization- Body established in the mid 1900s as the successor to the General system on Trade and Tariffs (Gatt), designed to implement and enforce world(prenominal) free trade agreements. Has become the focus of demonstrations by those foreign to globalization and the Washington consensus.
LLC Limited Liability Corp. - Firm whose debts are 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: Ordercustompaper.com
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