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Basile [38]
3 years ago
14

Describe the type of society that would use a traditional economic system. How are the three basic economic questions answered i

n this system?
Social Studies
2 answers:
dimulka [17.4K]3 years ago
7 0

Answer:

The type of society that uses a traditional economic system would typically be an ethnic group or tribe. The traditional system is not typically used on a national level. Traditional economic systems answer basic economic questions by use of ritual, habit, or custom.

Explanation:

Maru [420]3 years ago
3 0

Answer:

Every society, regardless of its political structure, must develop an economic system to determine how to use its limited productive resources to answer the three basic economic questions of what, how, and for whom to produce

Explanation:

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Lien refers to a security interest which is granted on a property. It can be defined as a right to retain the property until the amount of the debt is payed.

There are two types of liens: voluntary, also called consensual and involuntary, also called non-consensual

Tax liens are an example on non-consensual or involuntary liens that are imposed by the law to secure the payment of taxes.

Involuntary general tax liens are the liens imposed by law due to the failure to pay income taxes.

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