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Producers and consumers own the factors of production

Custom and habit answer the question of who, what and how to produce
Outside trade and commerce is discouraged
Roles within the community are defined by custom and gender

What type of economic system is described?
A) Command
B) Market
C) Mixed
D) Traditional

Traditional?

4 answers

I agree,

Thank you Ms. Sue!

You're welcome, Carol.

its traditional

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