Which economic system would be the best match for the people described in the text?
Understand the Problem
The question asks to identify the economic system that best aligns with the description of hunter-gatherer and nomadic societies provided in the text. The text describes societies based on family/tribe, traditions, and limited resources. Thus, we must find the economic system that best aligns with this
Answer
Traditional
The best match for the people described in the text is a traditional economic system.
Answer for screen readers
The best match for the people described in the text is a traditional economic system.
More Information
A traditional economy relies on customs, history, and time-honored beliefs to make economic decisions. These economies are often based on family or tribal structures, with traditions passed down by elders.
Tips
Understanding the definitions of each economic system is key to answering this question, especially noting that the text describes customs developed over time by elders.
Sources
- Economic Systems | Overview, Types & Examples - Lesson - Study.com - study.com
- Economic system - Wikipedia - en.wikipedia.org
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