Question

Which of the following is an advantage of a traditional economy? A. Environmental disasters have little impact on the well-being of the people. B. Traditional economies tend to foster closer communities. C. These societies are strong and able to stand up to other societies that wish them harm. D. There are often large increases in the economic wealth and overall well-being of the people.

Answer 1

In a traditional economy, practices are dictated by tradition. It tends to foster closer communities as occupations and skills are usually transferred within families. However, this economy lacks large economic growth due to its resistance to change.

Step-by-step explanation:

The question you asked concerns the advantages of a traditional economy. From the options provided, B. Traditional economies tend to foster closer communities is the most accurate choice. A traditional economy, used notably in regions of Asia, Africa, and South America, abides by a system where traditions dictate the rules of economic activity. This often results in occupations and skills being passed down through families and tight-knit communities, bringing people closer together and reinforcing societal bonds. However, this type of economy often lacks large increases in economic growth or development due to its reliance on longstanding practices and aversion to change or innovation.

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