What is a limitation of a traditional economic system? (2 points)
O Lack of individual freedom
O Lack of government intervention
O Lack of economic growth
O Lack of economic stability
O Lack of individual freedom: In a traditional economic system, individuals often have limited choices and freedom in terms of the types of jobs they can pursue or the goods and services they can produce. This lack of individual freedom can restrict personal development and limit economic opportunities for individuals.
O Lack of economic stability: Traditional economic systems are often based on customs, traditions, and long-established practices. These systems can be resistant to change and may not be able to adapt quickly to changing economic conditions or external shocks. This lack of flexibility and adaptability can lead to economic instability, particularly in times of rapid technological advancements or shifts in global markets.