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SDD- you are thinking of a market economy.
In a traditional economy handcrafts, farm animals and farming crops are produced.
It is produced by the family unit or in small tribes/collectives all local to the area it is consumed in.
What else can I help you with?
In what type of economy are the basic economic questions answered as you have always done?
traditional > <
Which economy answers the three basic economic questions with the phrase Do as you have always done?
traditional
Which of these is the best desription of a traditional economy?
The basic economic questions are answered by the customs of the past. A+
What is an economy that answers its basic economic questions by doing things the way they always have been done called?
A.) Traditional economy. :3
What combines the elements of pure economic systems?
A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.
In what type of economy are the basic economic questions answered as you have always done?
traditional > <
Which of these is the best desription of a traditional economy?
The basic economic questions are answered by the customs of the past. A+
What is the best description of a traditional economy?
The basic economic questions are answered by the customs of the past.
Which economy answers the three basic economic questions with the phrase Do as you have always done?
traditional
What is an economy that answers its basic economic questions by doing things the way they always have been done called?
A.) Traditional economy. :3
What combines the elements of pure economic systems?
A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.
What are the 4 economic systems?
The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy is the most basic.
In which economic system do individuals answer the basic economic questions?
market economy
What are the three basic economic questions must be answered in a barter economy.?
guide the economy
The basic economic questions are answered as you have always done?
traditional
An economy that answers its basic economic questions by doing things the way that they always have been doe is called a?
An economy that answers its basic economic questions by relying on traditional methods and longstanding practices is called a traditional economy. In this system, economic decisions are based on customs, beliefs, and historical precedent, with little emphasis on innovation or change. Often, these economies are found in rural or underdeveloped areas where communities prioritize subsistence and cultural continuity over market-driven approaches.
What type of economy answers the three basic economic questions?
3 types of economic system
