The traditional economy developed first. Traditional economies are based on subsistence farming, hunting, and gathering, typically relying on customs and traditions to dictate economic roles and practices. These economies have existed for thousands of years, often before the emergence of more complex systems such as command, free-market, and mixed economies.
Which economic system developed first?
tts Icon
Traditional economy
tts Icon
Command economy
tts Icon
Free-market economy
tts Icon
Mixed economy
1 answer