contestada

In this economy, community members typically use simple tools to plant and harvest crops. Food supplies are supplemented by hunting animals and gathering plant materials. Members trade with each other to obtain needed goods, as few people hold currency. Little economic growth occurs.

What type of economy is being described?

a traditional economy
a free market economy
a mixed-market economy
a command economy

Respuesta :

stefanovicmiloseng

A typical economy for the rural and traditional community is a traditional economy. The characteristics of this type of economy are not mass and serial production, such as free market and other types of economics. Production is based on personal needs, and according to personal possibilities. It does not belong to highly developed economies. There is not a large amount of currency, so there is no investment in that sense, i.e. there is no profit. Any surplus of goods is exchanged for goods that are needed. In the traditional economy, everyone has a specific place and role, there are no unpredictable market conditions, but there are natural ones.

The answer is: A.

Parrain

Based on the description of conditions in this economy, this is most likely a traditional economy.

What happens in a traditional economy?

  • There isn't much development so simple technology is in use.
  • There is little economic growth.

A traditional economy also uses old methods of acquiring food such as gathering instead of farming and they engage in barter trading.

In conclusion, this is option A.

Find out more on traditional economies at https://brainly.com/question/10685854.

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