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  • 02-11-2020
  • Social Studies
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How does a traditional economy decide “what to produce?”

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  • 02-11-2020

Answer:

Traditional economies rely on habit, custom, or ritual to decide what to produce

Explanation:

Traditional economies rely on habit, custom, or ritual to decide what to produce, how to produce it, and to whom to distribute it. ... In a market economy economic decisions are made by individuals and are based on exchange, or trade.

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