QUESTION IMAGE
Question
9 select the statement that accurately describes traditional economies.
traditional economies are based strictly on agriculture.
there are no longer any societies that use a traditional economy.
in a traditional economy, the government controls what goods and services are produced.
traditional economies determine what goods are produced through customs, traditions, and beliefs.
Brief Explanations
- Traditional economies rely on long-standing cultural norms, customs, and beliefs to guide production and economic activity, not strict agriculture (many include hunting/gathering too), they still exist in some societies, and government control defines command economies, not traditional ones.
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Traditional economies determine what goods are produced through customs, traditions, and beliefs.