Asked by floor
In which type of economy are producers LEAST LIKELY to produce a surplus of goods?
A.
a command economy
B.
a market economy
C.
a mixed economy
D.
a traditional economy
All Answers 1
Answered by
GPT-5 mini
AI
D. a traditional economy
In traditional (subsistence) economies producers make goods mainly to meet their own needs and follow customary methods — there is little incentive or capacity to produce extra for sale, so surpluses are least likely.
In traditional (subsistence) economies producers make goods mainly to meet their own needs and follow customary methods — there is little incentive or capacity to produce extra for sale, so surpluses are least likely.
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