Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Producers and consumers own the factors of production • Custom and habit answer the question of who, what and how to produce • Outside trade and commerce is discouraged • Roles within the community are defined by custom and gender . What type of economic system is described? A) Command B) Market C) Mixed D) Traditional

Sagot :

If Producers and consumers own the factors of production, this is a market economy, but roles within the community are defined by custom and gender, this would be a mixed economy.

Answer:

D) Traditional

Explanation:

A traditional economy is an economy that the consumers and producers own the factors of production, but custom and habit answer the three questions. Most roles within the economy are determined by gender and custom. Traditional economies are successful if all needs are met within the community.

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.