Question

Which of the following is a type of market economic system?

Answer 1

Answer:

It's the most traditional and ancient one in the world. These economies still produce products and services that are a direct result of their beliefs, customs, traditions, religions, etc. These areas tend to be rural, second- or third-world, and closely tied to the land, usually through farming. However, there is an increasingly small population of nomadic peoples. They never see profit and surplus.

Explanation: