Question

Which of the following statements is true of a traditional economy?

People produce a variety of goods for local, regional, and global trade.
People produce and consume only the goods they need.
People produce goods according to the dictate of government.
People produce goods in order to make a profit.


I think it is B but im not sure

Answer 1

@YoungStudier
what do you think?

Answer 2

A traditional economy is an original economic system in which traditions, customs, and beliefs shape the goods and the services the economy produces, as well as the rules and manner of their distribution. Countries that use this type of economic system are often rural and farm-based.

Answer 3

So, I don't think it's B, what else?

Answer 4

hmm maybe D?

Answer 5

Uhm, no, not quite.

Answer 6

its not C that is for sure since that is command economy

Answer 7

That's true for C yes.

Answer 8

So its A

Answer 9

I believe so. ^_^

Answer 10

Yas thank you :)

Answer 11

You're welcome.

Answer 12

It said that was wrong but I still got a good score on my test thank you for helping me