How does a traditional economy differ from a market economy?
A. In a traditional system, economic decisions are based on custom.
B.In a market system, the government answers the three basic questions.
C. In a market system, a central authority owns the factors of production.
D. In a traditional system, a great variety of goods and services are available.
1 answer
A. In a traditional system, economic decisions are based on custom.
1 answer