In which type of economy do people make economic decisions based on their group's ancestral customs and ways of life?

Question

In which type of economy do people make economic decisions based on their group's ancestral customs and ways of life?

(1 point)
Responses

command economy

command economy

market economy

market economy

mixed economy

mixed economy

traditional economy

traditional economy

Answer 1

traditional economy

Answer 2

In which type of economy do people make economic decisions based on their group's ancestral customs and ways of life?

traditional economy

The type of economy in which people make economic decisions based on their group's ancestral customs and ways of life is called a traditional economy.