Answered

Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Discover precise answers to your questions from a wide range of experts on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

In the ________________ economies, history, culture, and past actions determine the answers to the three economic questions. Group of answer choices

Sagot :

francocanacari

Answer:

Traditional.

Explanation:

Traditional economy is an economic system in which traditions and customs determine the practice of using limited resources. It is the oldest economic system of the world. In a traditional economy, land and capital are in common ownership, and the main economic problems of society - what, how and for whom to produce - are solved mainly on the basis of traditional tribal or semi-feudal hierarchical relations between people.  This type of economy has survived in underdeveloped and industrially developing countries, in which socioeconomic stagnation is pronounced, society seeks to maintain the status quo.

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.