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 tiger economy is a term used to describe a national economy that experiences a period of unanticipated and rapid growth. As a result of that increase in economic growth, the general standard of living within that country also undergoes drastic changes that allow the population to enjoy a higher living standard.