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Nimfa-mama [501]
3 years ago
15

How does a traditional economy answer the 3 economic questions?

Biology
1 answer:
elena55 [62]3 years ago
6 0

Answer: economies answer the economic questions of (1) what to produce, (2) how to produce, and (3) for whom to produce. What is produced? based on custom and the habit of how such decisions were made in the past. Many traditional economies are found in rural areas where people depend on members of their extended families.

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