Final answer:
The economic system based on agriculture, crafts, and trade is a traditional economy. This system, seen in parts of Asia, Africa, and South America, usually garners little economic progress due to its dependence on family-based occupational practices.
Step-by-step explanation:
The type of economic system most likely based on agriculture, crafts, and trade is the traditional economy. This economic system, evident in parts of Asia, Africa, and South America, relies heavily on tradition. In this system, occupations often stay within the family where most families are farmers who grow crops using traditional methods. It's important to note that what you produce in a traditional economy is what you consume, and owing to the drive of traditions, there's generally little economic progress or development.
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