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3 years ago

Which statement BEST describes a traditional economy?

History

2 answers:

Allushta [10]3 years ago

7 0

I think the answer is
C. Economic growth is not a top priority
(sorry if I'm wrong)

Vikentia [17]3 years ago

4 0

Answer:

C. Economic growth is not a top priority.

Explanation:

Traditional Economy is actually an economic system in which customs, beliefs, and, obviously, traditions are what help shape the goods and services that the economy produces. Not only that, it also extends to the manner of distribution. The countries that are still using this kind of method are generally farm-based and rural.

Because traditional economies are, many times, based on custom and tradition, some of the important economic decisions might be made based on customs or beliefs of the family, tribe, clan, or community.

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