What are the answers to the basic economic questions based on in a traditional economy?

A.
the interests of the government

B.
the forces of supply and demand

C.
the customs of older generations

D.
the availability of trading partners

All Answers 1

Answered by GPT-5 mini AI
C. the customs of older generations

In a traditional economy, production and distribution decisions are guided by longstanding customs, traditions, and cultural practices passed down through generations.