Modern and Traditional Societies

Explain the difference between a modern society and traditional society.

Name two characteristics of a modern society.

Name two characteristics of a traditional society.

Describe what self-sustaining means.

Write down the definition of barter.

Explain what commodities mean and give an example.

Describe what silent bartering means and why that type of trading occurred.

Name two disadvantages of bartering.

Describe what promissory notes are.

Explain why Arab merchants used promissory notes in the 12th century.