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How does a traditional economy answer the three basic economic questions.?
Wiki User
∙ 9y ago
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.
Elvis Franecki
Wiki User
∙ 12y agoSDD- 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.
It is produced for the family, tribe etc to use or to be traded locally for other handcrafts, animals or crops.
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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 > <
What is the best description of a traditional economy?
The basic economic questions are answered by the customs of the past.
Which of these is the best desription of a traditional economy?
The basic economic questions are answered by the customs of the past. A+
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
The basic economic questions are answered as you have always done?
traditional
What are the three basic economic questions must be answered in a barter economy.?
guide the economy
What type of economy is the basic economic question are answered do as you have always done?
Traditional.
What type of economy answers the three basic economic questions?
3 types of economic system
