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Question 7 of 20 A traditional economy features: A. the government placing some regulations on priv B. people relying on customs to make economic de O C. the government directly controlling the producti goods. companies operating without governme

Answer

People rely on customs to make economic decisions and regulate their economies.

  • Q: What is a traditional economy? A: A traditional economy is an economic system where traditions, customs, and beliefs shape the goods and services produced, as well as the distribution and consumption of those goods and services.
  • Q: What are the features of a traditional economy?A: A traditional economy features people relying on customs to make economic decisions and regulate their economies.