Final answer:
In traditional economic systems, the basic economic question of what will be produced is determined by historical precedent and social customs, with production methods that are traditional and allocation based on communal sharing.
Step-by-step explanation:
In a traditional economic system, the question of What will be produced? is typically answered based on historical precedent and social customs. The production of goods and services is generally driven by the traditions and heritage of the community rather than by market demands or governmental directives. Often, what is produced is determined by what has been produced in the past, catering to the subsistence and basic needs of the society rather than to market trends or innovation.
The methods of production are usually traditional, relying on age-old techniques passed down from generation to generation. Furthermore, in a traditional economy, the allocation of these goods and services is generally based on long-standing communal roles and shared among the community members according to traditional rules and norms.Traditional economies are not focused on growth or competitiveness; instead, production is about maintaining a stable and sustainable livelihood that supports and preserves the culture and lifestyle of the community.