Prepayment definition: A prepayment is a payment that you make before you receive goods or services, or before a... | Meaning, pronunciation, translations and examples
A traditional economy is an economic system where decisions are  based on customs, beliefs, or religion within a social community.  People work together to produce goods to â¦ meet their needs, and  share with family. They trade with their community/family with  their excess.
A steady-state economy is an economy made up of a constant stock of physical wealth (capital) and a constant population size. The term typically refers to the national economy of a particular country, but it is also applicable to the economic system of a city, a region, or the entire world.