Economics Traditional Economy Questions
A traditional economy impacts social cohesion by promoting strong community bonds and interdependence among individuals. In such an economy, people rely on traditional customs, beliefs, and values to guide their economic activities. This shared understanding and adherence to traditional practices foster a sense of unity and cooperation within the community. Additionally, the emphasis on collective decision-making and resource sharing helps to ensure equitable distribution of resources and reduces social inequalities, further enhancing social cohesion.