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inysia [295]
3 years ago
8

How does a traditional economy decide “what to produce?”

Social Studies
1 answer:
Digiron [165]3 years ago
7 0

Answer:

Traditional economies rely on habit, custom, or ritual to decide what to produce

Explanation:

Traditional economies rely on habit, custom, or ritual to decide what to produce, how to produce it, and to whom to distribute it. ... In a market economy economic decisions are made by individuals and are based on exchange, or trade.

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