Question

In this economy, community members typically use simple tools to plant and harvest crops. Food supplies are supplemented by hunting animals and gathering plant materials. Members trade with each other to obtain needed goods, as few people hold currency. Little economic growth occurs.

What type of economy is being described?

a traditional economy
a free market economy
a mixed-market economy
a command economy

Answer 1

a traditional economy

Explanation: Production is based on customs, subsistence farming, hunting/gathering, and barter rather than currency or market/central planning, which characterizes a traditional economy.