Home
/
Business
/
Families and social customs have the most influence over the production of goods and services in which economic system? A. Traditional economy B. Command economy C. Mixed economy D. Market economy

Question

Families and social customs have the most influence over the production of
goods and services in which economic system?
A. Traditional economy
B. Command economy
C. Mixed economy
D. Market economy

Families and social customs have the most influence over the production of goods and services in which economic system? A. Traditional economy B. Command economy C. Mixed economy D. Market economy

expert verifiedVerification of experts

Answer

4.5207 Voting
avatar
HafExpert · Tutor for 3 years

Answer

A. Traditional economy

Explain

A traditional economy is an economic system in which customs, traditions, and beliefs shape the goods and services produced, as well as the rules and manner of their distribution. The primary influence over production and distribution choices often comes from long-standing practices within families and societies, rather than from market signals or governmental directives.
Click to rate:

Hot Questions

More x