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What type of economy is it where all economic decisions are based on age-old customs?
A traditional economy is where all economic decisions are based on age-old customs.
What economic system are the decisions based on customs?
traditional
Economic decisions based on customs or beliefs are found in a?
Market economy
In a traditional economy what are the economic decisions based largely on?
In a traditional economy the economic decisions are largely based on custom. In all centrally planned economies the government makes all important economic decisions.Ê
What type of economy best fits this description All economic decisions are based on age-old customs.?
Traditional
What type of economy is it where all economic decisions are based on age-old customs?
A traditional economy is where all economic decisions are based on age-old customs.
In a traditional economic what are the economic decisions based largely on?
Customs and traditions.
What economic system are the decisions based on customs?
traditional
Economic decisions based on customs or beliefs are found in a?
Market economy
In a traditional economy what are the economic decisions based largely on?
In a traditional economy the economic decisions are largely based on custom. In all centrally planned economies the government makes all important economic decisions.Ê
What type of economy best fits this description All economic decisions are based on age-old customs.?
Traditional
People barter and trade goods. Economic decisions are based on customs. Economies are usually rural and farm-based. Which economic system is described by the list A. mixed B. market C. traditional D. command?
c
Which type of economy are almost all economic decisions based on age-old traditions customs and beliefs with families working together for survival?
Traditional
In which type of economy are almost all economic decisions based on age-old traditions customs and beliefs with families working together for survival?
Traditional
Because subjective decisions are based on a person's unique values and beliefs economic decisions .?
Economic decisions are based on whether the decision is profitable or not. For instance, businesses make economic decisions about when to hire employees.
What best illustrates the traditional economic system?
There are a few things that illustrate the traditional economic system. These include Amazon tribes, Aborigines, and a multitude of substainance groups. For OW its "label reading Made in China"
What is the difference between a traditional and market economy?
In a {Traditional Economy}, economic decisions are based on customs handed down from generation to generation. In a {Market Economy} individuals make their own decisions about what to produce how to produce it & for whom to produce it.
