Traditional Economy Systems

Front

The main advantage of a traditional economy is that the answers to WHAT, HOW, and FOR WHOM to produce are determined by _______ and _________.

Back

customs and tradition

Front

What does the Traditional Economy Produce?

Back

It produces enough goods and services to fulfill the needs of the community or tribe.

Front

In the Traditional Economy the production of goods and services are based on ________.

Back

a particular society's traditional customs or beliefs.

Front

Traditional economies rely _________ to decide what to produce, how to produce it, and to whom to distribute it

Back

on habit, custom, or ritual

Front

Who do traditional economies produce for?

Back

the tribe or family group