Connect with experts and get insightful answers on IDNLearn.com. Find reliable solutions to your questions quickly and easily with help from our experienced experts.
In a traditional economy, how are economic
decisions about consumption, savings, and
production made?
✏A traditional economy is a system that relies on customs, history, and time-honored beliefs. Tradition guides economic decisions such as production and distribution. Societies with traditional economies depend on agriculture, fishing, hunting, gathering, or some combination of them. They use barter instead of money.
Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. IDNLearn.com has the answers you need. Thank you for visiting, and we look forward to helping you again soon.
