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What is true about a traditional economic system? A) Today people resort to catering when their printed money has almost no value B) in the past all civilizations had a traditional economic system C) there are no guarantees of a trade in your favor D) CHOICES A,B AND C ARE ALL TRUE

User Max Jacob
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The correct answer is B) in the past all civilizations had a traditional economic system.

What is true about a traditional economic system is that in the past all civilizations had a traditional economic system.

When we are talking about a traditional economic system, we refer to a kind of economy that is basically dependent on trade, crafts, and agriculture. This economy relies on custom in determining how goods are produced, and also relies on people rather than technology to do their work.

It is a different type of economy compared to the modern economy in a globalized world, in which digital systems allow better forms of trade, including digital finances, banking, and applications.

User Kyri Elia
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