Question

In a traditional economy, decisions about which goods are produced ar

based on:
O
A. what goods are most likely to sell in international markets.
O
B. what the government decides is important for society.
O
C. what businesses believe will generate the most profits.
D. what the local community has made for generations.
enerations.

Answer 1

In a traditional economy, the decisions about which goods are produced are based on traditional customs and practices of the local community.

Step-by-step explanation:

In a traditional economy, decisions about which goods are produced are based on what the local community has made for generations. In this type of economy, traditional customs, traditions, and beliefs guide the production of goods and services. These economies are often found in rural and less developed areas where subsistence farming and artisanal crafts are prevalent.

Learn more about Traditional Economy