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Traditional Economic System

Welcome to the "Traditional Economic System" category on Questions LLC! In this section, you can explore and learn about the fascinating world of traditional economic systems. A traditional economic system is a way of organizing and conducting economic activities that is based on tradition, customs, and beliefs passed down through generations. Here, you will find a variety of questions and answers that delve into the characteristics, advantages, and challenges of traditional economic systems. Whether you are a student, an academic, or simply curious about different economic models, this category will provide valuable insights and knowledge. So, dive in and discover the rich history and unique features of traditional economic systems.

Questions (6)

Producers and consumers own the factors of productionCustom and habit answer the question of who, what and how to produce
1. 5 answers
2. asked by Carol
3. 1,234 views
in a traditional economic system which type of good is most often produced?
1. 1 answer
2. asked by john
3. 335 views
What type of goods is most often produced in a traditional economic system?a-heavy industrial machinery b-textiles
1. 2 answers
2. asked by lynn
3. 593 views
What is a limitation of a traditional economic system? (2 points)O Lack of individual freedom O Lack of government intervention
1. 1 answer
2. asked anonymously
3. 24 views
What is a limitation of a traditional economic system? (2 points)Lack of individual freedom Lack of government intervention Lack
1. 1 answer
2. asked anonymously
3. 24 views
how are the 3 economic questions answered in a traditional economic system
1. 1 answer
2. asked anonymously
3. 8 views