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How are economic decisions made in a traditional economy?
they are made by custom and habit
An economic system that relies on habit custom or ritual to decide questions of production and cunsumption of goods and services is?
Should be traditional.
What economic system that relies on habit custom or ritual to decide questions of consumption and production of goods and services?
Traditional Economy
What is the economic system that relies on habit custom or ritual to decide questions of consumption and production of goods and services?
a centrally planned economy
What is the economy based on ritual habit or custom?
An economy based on ritual, habit, or custom is often referred to as a traditional economy. In such systems, economic decisions and practices are guided by longstanding traditions and cultural norms rather than market forces or modern economic principles. This type of economy often relies on subsistence agriculture, barter, and communal sharing, where resources are distributed according to established customs. Such economies are typically found in small, close-knit communities where social cohesion and cultural identity are paramount.
How are economic decisions made in a traditional economy?
they are made by custom and habit
How are economic decisions made in traditional economy?
they are made by custom and habit
What habit and custom dictate the rules for all economic activity in the system?
Traditional
An economic system that relies on habit custom or ritual to decide questions of production and cunsumption of goods and services is?
Should be traditional.
What economic system that relies on habit custom or ritual to decide questions of consumption and production of goods and services?
Traditional Economy
What is the economic system that relies on habit custom or ritual to decide questions of consumption and production of goods and services?
a centrally planned economy
What is a word which means habit?
Custom, obsession, routine.
What is the difference between custom and habit?
Custom is based on culture, or religious tradition. A habit is personal.Example of a custom would be Christmas in the US.Example of a habit is nail-biting.Addiction..............
What is the verb for custom?
The noun custom (accepted practice or habit) has the related verb "to accustom."The adjective custom (special, made-to-order) has the related verb "to customize."
What is an antonym for the word habit?
An antonym for habit, is not doing it. Also called, deviation.
What is the economy based on ritual habit or custom?
An economy based on ritual, habit, or custom is often referred to as a traditional economy. In such systems, economic decisions and practices are guided by longstanding traditions and cultural norms rather than market forces or modern economic principles. This type of economy often relies on subsistence agriculture, barter, and communal sharing, where resources are distributed according to established customs. Such economies are typically found in small, close-knit communities where social cohesion and cultural identity are paramount.
What is a sentence using the word 'custom'?
Custom means habit or tradition. Here are some sentences.Our custom is to put up the Christmas tree right after Thanksgiving.Church custom requires you to be baptized.I want to participate in all the local customs.
