Question

Which one of the following relies on habit, custom, or ritual to decide what to produce, how to produce it, and to whom to distribute it?

a. a market economy
c. a centrally planned economyb. a traditional economy
d. a mixed economy

Answer 1

Answer: B, a traditional economy.

Explanation: Custom and ritual are mainly focused in traditional economies, and using their habit they think of who these resources will be going to, therefore it is traditional. :D

Answer 2

For the answer to the question above asking which one of the following relies on habit, custom, or ritual to decide what to produce, how to produce it, and to whom to distribute it?

The answer is a centrally planned economy