3 years ago

Who answers the 3 basic questions in a traditional economy?

1 answer:

4 0

Answer:

Several fundamental types of economic systems exist to answer the three questions of what, how, and for whom to produce: traditional, command, market, and mixed. Traditional Economies: In a traditional economy, economic decisions are based on custom and historical precedent.

Explanation:

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Venn diagram for Beccaria and Montesquieu

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