IDNLearn.com is your go-to resource for finding answers to any question you have. Join our interactive Q&A platform to receive prompt and accurate responses from experienced professionals in various fields.
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.
Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Find clear and concise answers at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.
