The answer to this question is the term traditional economic system. A traditional economic system is a economic system that is said to be traditional where in they produce products and services that can be based to their beliefs, traditions, customs, traditions, and even through their religion.
The following items determine whether a good a service has elastive demand:
C. Availability of substitutes for a good or service
A. If the good is a necessity of luxury.
Convict lease system, which was popular in the South essentially leased convicts to large agricultural operations. This system led to many forms of abuse of workers who had lost their rights as a result of being convicted of a felony, whether guilty or not. This was particularly true for African Americans in the late-nineteenth century. One of the most notorious of these operations was Parchman Farm in Mississippi, which literally utilized thousands of black convicts for various unpaid tasks.
Involved cutting taxes and government spending.
Is there a picture or actual answer choices ?
