Question

True or False: Traditional economies are more likely found in less developed regions or

countries.
a. O True
b. O False
1000 countries:

Answer 1

Traditional economies are more likely found in less developed regions or countries.

Step-by-step explanation:

Traditional economies are more likely found in less developed regions or countries. In these economies, production is based on customs, traditions, and rituals that have been passed down through generations. They often rely on subsistence farming, barter systems, and traditional crafts. For example, the Inuit people of the Arctic region have a traditional economy based on hunting, fishing, and gathering that has sustained them for centuries.

Learn more about Traditional economies