Question

what is a traditional economy? (1 point) economic decisions are made by the government for some resources and are based on supply and demand forces for others. economic decisions are based on traditions, culture, and beliefs economic decisions are made by the government economic decisions are based on price signals from supply and demand forces

Explanation:

A traditional economy is characterized by economic decisions being based on long - standing traditions, cultural norms, and beliefs. It is different from economies where decisions are made by the government (command economy) or based on supply and demand price signals (market economy).

Answer:

economic decisions are based on traditions, culture, and beliefs