Question

Jamie took a school trip to Africa to study the economy. In one village, he saw that the people performed only unskilled activities such as hunting and fishing. Also, they did not use money to acquire goods. Instead, they simply exchanged goods with each other. What type of economy does this village have?

A. communist
B. capitalist
C. Mixed
D. Traditional

Answer 1

If this is from Plato then I think the answer is D. Traditional .

Answer 2

The village develops the traditional economy (D). This is a subsistence economy, in which its productive system works according to the heritage and tradition. As detailed in the example, the income generating activities are agriculture, extensive breeding, fishing, hunting, gathering, handicrafts. In this type of economy, the means of payment is exchange or barter.