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Which of these scenarios is most like a traditional economy?
religion
to trade
Economic decisions are made based off of custom and tradition.
Each society decides differently
Who will make it?
people pass down through generations how to make a good
limited.
doing something the way it's always been done
Resources are
religion
to trade
Economic decisions are made based off of custom and tradition.
Each society decides differently
Who will make it?
people pass down through generations how to make a good
limited.
doing something the way it's always been done
How do societies answer the three economic questions?
religion
to trade
Economic decisions are made based off of custom and tradition.
Each society decides differently
Who will make it?
people pass down through generations how to make a good
limited.
doing something the way it's always been done
What does barter mean?
religion
to trade
Economic decisions are made based off of custom and tradition.
Each society decides differently
Who will make it?
people pass down through generations how to make a good
limited.
doing something the way it's always been done
Which of these could be a motivation in a traditional economy?
religion
to trade
Economic decisions are made based off of custom and tradition.
Each society decides differently
Who will make it?
people pass down through generations how to make a good
limited.
doing something the way it's always been done
Which is not one of the three basic economic questions?
religion
to trade
Economic decisions are made based off of custom and tradition.
Each society decides differently
Who will make it?
people pass down through generations how to make a good
limited.
doing something the way it's always been done
How are the economic questions answered in a traditional economy?
religion
to trade
Economic decisions are made based off of custom and tradition.
Each society decides differently
Who will make it?
people pass down through generations how to make a good
limited.
doing something the way it's always been done
What does tradition mean?
religion
to trade
Economic decisions are made based off of custom and tradition.
Each society decides differently
Who will make it?
people pass down through generations how to make a good
limited.
doing something the way it's always been done
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