What to produce in a traditional economy?
Understand the Problem
The question is asking about what goods and services are typically produced in a traditional economy, which relies on established customs and practices rather than market forces. This would involve understanding the types of products that are produced based on historical practices and cultural traditions.
Answer
Goods and services to fulfill community needs.
The final answer is goods and services to fulfill the needs of the community or tribe, primarily through farming, hunting, fishing, herding, and gathering.
Answer for screen readers
The final answer is goods and services to fulfill the needs of the community or tribe, primarily through farming, hunting, fishing, herding, and gathering.
More Information
Traditional economies focus on producing basic goods and services essential for survival, often following long-established methods that are passed down through generations.
Sources
- Traditional Economy | Definition, Characteristics & Advantages - study.com
- What Is a Traditional Economy? - The Balance - thebalancemoney.com
- What is a Traditional Economy? - GeeksforGeeks - geeksforgeeks.org
