ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In a traditional economy, how are economic decisions made?
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Custom & habit
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Government planners
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Consumers & the market
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Combination of consumers and government planners
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Explanation:
Detailed explanation-1: -In an traditional economy individuals and tribes make the decisions. Often these decisions are based on customs, traditions, and religious beliefs.
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