Question

In a traditional economy, families produce goods and services for ______ use.

Option 1: Nationwide distribution
Option 2: Their own use
Option 3: The government
Option 4: Export

Answer 1

In a traditional economy, families produce goods and services for their own use. Such economies are based on traditions and found in certain regions like Asia, Africa, and South America, with limited economic development. The correct option is 2.

Step-by-step explanation:

In a traditional economy, families produce goods and services primarily for their own use. This means that in such an economy, what families produce through agriculture or handicrafts is consumed by the family itself, rather than for nationwide distribution, government, or export.

Traditional economies are often found in parts of Asia, Africa, and South America, where economic activities are heavily influenced by traditions and customs, leading to occupations staying within families for generations, typically with little economic progress or development as they rely on age-old methods and practices.