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artcher [175]
3 years ago
7

In a traditional economy, what are the economic decisions based largely on?

History
2 answers:
Maurinko [17]3 years ago
7 0

The decisions are largely based on customs.

Afina-wow [57]3 years ago
4 0
Answer
Customs,traditions and beliefs

Explanation
A traditional economy is one that depends on customs,traditions and beliefs to shape the manner people participate in buying and selling of goods and services. Customs and beliefs help to shape the type of goods and services produced in the economy.In addition to that,the three components decide the rules and manner of conducting business including their distribution.This type of economy is practiced in countries that are rural and farm based.



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Elis [28]

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<h3>Why slavery was used in the colonies?</h3>

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