Answer:
b. subsistence economies
Step-by-step explanation:
- The Traditional economy is one where the economic system is in the traditional model and the traditional beliefs help shape the traditional ways of doing things.
- It is regarded as the farm and rural-based system and is knows by other names as the substance economies.
- Has no change in how it operates and thus, an example of this includes the Inuit or those of the tea plantation in southern India.
- As these are traditional and custom economies they are based on the old-style values and the beliefs, associate with clans and the tribal group of people.