Question

Which of the following describes a traditional economy?)

A: Where people trade goods that they hunted for or gathered for other goods

B: Where businesses can make their own decisions without interference from the government

C: Where businesses make mostly their own decisions but the government sets some rules

D: Where the government controls all of the businesses

Answer 1

A) Where people trade goods that they hunted for or gathered for other goods

Step-by-step explanation:

Traditional economy is primarily based on history, beliefs and self management. One of the most important things is that the person who produces can exactly produce as needed and to base his economy primarily on its needs.

Traditional economies depend on the production of goods, agriculture, fisheries, hunting and similar jobs. Gathering some of these mixed activities they can do the trade and the economy itself.

Today, the traditional economy can be found in parts of Africa, Asia, Latin America.