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What is an economic system where most economic decisions are based upon what has been done for generations?
Wiki User
∙ 10y ago
traditional
Wiki User
∙ 10y ago
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What economic system are the decisions based on customs?
traditional
Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
What is a traditionalist-based economic system?
A tradition-based economic system is an economic system where economic decisions are based largely on cusom. The four economic questions are answered according to the traditions of the country. People produce and distribute goods in the ways that have been followed for hundreds of years by their ancestors.
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 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
Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
What is a traditionalist-based economic system?
A tradition-based economic system is an economic system where economic decisions are based largely on cusom. The four economic questions are answered according to the traditions of the country. People produce and distribute goods in the ways that have been followed for hundreds of years by their ancestors.
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.
In a traditional economic what are the economic decisions based largely on?
Customs and traditions.
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 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"
Because subjective decisions are based on a persons unique values and beliefs economic decisions are based on what?
vary from person to person
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
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
Economic decisions based on customs or beliefs are found in a?
Market economy
How are economic decisions are made under capitalism?
they are based on who can sell the most
