Which is a characteristic of a traditional economy?

Question

The government makes all economic decisions.

It centers around a tribe or community.

There are high unemployment rates.

It provides a lot of economic freedom.

Answer 1

A characteristic of a traditional economy is that it centers around a tribe or community. Traditional economies often rely on customs, traditions, and barter systems, and are typically found in rural or agrarian societies where people engage in subsistence farming, hunting, or gathering.