Question

read the paragraph below, and then decide which type of economy is being described.

in this economy, community members typically use simple tools to plant and harvest crops. food supplies are supplemented by hunting animals and gathering plant materials. members trade with each other to obtain needed goods, as few people hold currency. little economic growth occurs.

what type of economy is being described?

○ a traditional economy
○ a free market economy
○ a mixed - market economy
○ a command economy

Explanation:

A traditional economy is characterized by using simple tools for agriculture, hunting/gathering, bartering (trading without much currency), and little economic growth, matching the description. A free market economy relies on supply - demand and currency - based trade. A mixed - market has both market and government involvement. A command economy is government - controlled.

Answer:

a traditional economy