Question

A traditional economy

Match the definition with the term that best fits from the choices provided.
OA.
OB.
O C.
O D.
is based on wage earnings and complex finances
is fueled by the profit motive
relies primarily on barter and trade to supply goods and services
enables the production of a great surplus of food
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Answer 1

A traditional economy relies on barter and trade to supply goods and services, and is determined by customs, traditions, and cultural beliefs.

Step-by-step explanation:

A traditional economy relies primarily on barter and trade to supply goods and services. It is an economic system in which customs, traditions, and cultural beliefs determine what goods and services are produced, how they are produced, and how they are distributed. In a traditional economy, people often work for themselves or their community, and the focus is on meeting basic needs rather than making a profit.

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