Question

Which situation would most likely take place in a traditional economy?

A. Two car companies compete to make the cheapest electric car.
B. A worker quits his job to start his own tech company.
OC. The government decides that factories should make fewer planes.
D. Farmers grow just enough corn to eat throughout the year.

Answer 1

In a traditional economy, farmers grow just enough food to meet basic needs.

Step-by-step explanation:

In a traditional economy, the most likely situation would be option D, where farmers grow just enough corn to eat throughout the year. In a traditional economy, the focus is on subsistence farming and meeting basic needs rather than competing in the market or making significant technological advancements. This type of economy is often found in remote or rural areas with limited access to modern infrastructure and technology.

Learn more about Traditional Economy