Final answer:
A traditional economy is characterized by reliance on custom and tradition, where family occupations are passed down and little economic progress is made.
Correct option is C Reliance on custom and tradition
Step-by-step explanation:
The characteristic of a traditional economy is c) Reliance on custom and tradition. In such economies, the economic affairs are organized in the way that has always been done, following customs and traditions that have been passed down from generation to generation. Most families are involved in agriculture and continue to grow crops using methods that have been used for centuries. As occupations remain within families, children follow in the vocational footsteps of their parents.
This cycle ensures that the skills and societal roles are preserved over time. Due to this reliance on tradition and resistance to change, there is little room for economic progress or development.