ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Goods are produced by hunting, fishing, gathering, and harvesting. In a traditional economy everyone owns and uses the land together.

Detailed explanation-2: -Food quality is a concept often based on the organoleptic characteristics (e.g., taste, aroma, appearance) and nutritional value of food. Producers reducing potential pathogens and other hazards through food safety practices is another important factor in gauging standards.

Detailed explanation-3: -Traditional foods are foods and dishes that are passed on through generations or which have been consumed for many generations. Traditional foods and dishes are traditional in nature, and may have a historic precedent in a national dish, regional cuisine or local cuisine.

Detailed explanation-4: -In a traditional economy, the customs and habits of the past are used to decide what and how goods will be produced, distributed, and consumed.