Answered

From health tips to tech hacks, find it all on IDNLearn.com. Our experts provide accurate and detailed responses to help you navigate any topic or issue with confidence.

1.4.2 Test (CST): Fundamental Principles of Economics

Question 3 of 20

A traditional economy features:

A. people relying on customs to make economic decisions.
B. the government placing some regulations on private businesses.
C. the government directly controlling the production and sale of goods.
D. private companies operating without government interference.

Sagot :

GinnyAnsweridn

Final answer:

A traditional economy involves people making economic decisions based on customs and traditions, with occupations passed down within families.


Explanation:

A traditional economy is characterized by people relying on customs to make economic decisions. In this system, occupations stay within families and economic activities follow traditional methods. The allocation of resources is guided by rituals, habits, and customs, with little room for economic progress or development.


Learn more about Traditional Economy here:

https://brainly.com/question/30293366


Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for choosing IDNLearn.com for your queries. We’re here to provide accurate answers, so visit us again soon.