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 based on traditional practices like farming with simple tools, hunting - gathering, and barter (trading without currency) with little economic growth. A free market economy is driven by supply - demand and private ownership with currency - based transactions. A mixed - market economy has both private and public sector involvement. A command economy is controlled by a central authority. The described economy matches traditional economy traits.

Answer:

a traditional economy