Traditional vs. Behavioral economics

Traditional vs. Behavioral economics

Traditional Economy

The indigenous economies consist of a traditional economy to a market economy segment, which may be greater or lesser extent, depending on the case in question. Generally, the market economy segment behaves cultural adaptations, as commodities techniques that occur with traditional work or organization to sell to the market or whose incomes are applied to traditional reciprocities or complementarities. Usually, this market segment is handled as a specialized part of the production for the market or seasonality in the labor market, through the temporary sale of basic work. Striving for maintaining cultural identity involves ...