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pickupchik [31]
3 years ago
15

What factor plays the largest role in economic decisions in a traditional economy

History
1 answer:
Sati [7]3 years ago
7 0

Answer:

Traditional economy is the oldest economic system on Earth. In it, members of society lived in accordance with the customs of their ancestors, repeating the economic decisions taken by previous generations. Currently, such an economic system is no longer present in any country, only its elements can be observed in the economic systems of underdeveloped Asian or African countries.

In these types of economies, decisions are generally made by a small group of people who are part of the social peak, usually tribal chiefs. These people rely on the most urgent needs of their people, along with their religious and cultural values, and the immediate availability of resources, to make economic decisions.

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DAILY NEWS
andreev551 [17]

Answer:

The best subtitle for the given title would be 'Defense Spending the Exception'.

Option: (A)

Explanation:

  • Though President Ronald Reagan opted to cut the tax rates down from 70% to 50% in 1981, it had been made clear already that the military spending would not be affected at all. Despite a 20% direct slash in the revenue generated by the contemporary government through income and general taxes, the budget allotted for defense and allied sectors was not subjected to cuts and reductions.
  • The bold move of President Reagan of cutting the tax rates down by a whopping 20% came in line with the actions taken to reduce the continuously growing unemployment rate across the United States.
  • Later as he got re-elected in the year 1986, he again opted to cut the tax rates down by another 22% and brought the general tax slab down to 28%.
  • These tax cuts allowed the employment rate in the United States to shoot up greatly within a matter of 6 years and also allowed the economy to flourish surprisingly well.
3 0
3 years ago
Alex donated cans of food to support people who were in need of
Triss [41]

Answer:

alms

Explanation:

8 0
3 years ago
According to her letter, which challenges did Elizabeth Watson face? Check all that apply.
Vera_Pavlovna [14]

The challenges that Elizabeth Watson said she face are separation from a loved one and dangerous raids on local shops

<h3>Who is Elizabeth Watson?</h3>

As a African-American, she addressed a letter to Rubin which emphazise and discusses about her health and religion in the state where she is during the civil war.

In the letter, the challenges that Elizabeth Watson said she face are separation from a loved one and dangerous raids on local shops

Therefore, the Option D and E is correct.

Read more about civil war

<em>brainly.com/question/24992590</em>

6 0
2 years ago
Which of the following was a consequence of the independence movements in Latin America during the 19th century?
Semenov [28]

The new Latin American countries formed republics influenced by governments in Europe and the United States.

8 0
3 years ago
Why did american companies sell more goods that they could make in the 1920s
Allisa [31]
So they will get more profit
5 0
3 years ago
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