Sumali sa IDNStudy.com para sa detalyadong mga sagot sa iyong mga tanong. Ang aming mga eksperto ay handang magbigay ng malalim na sagot at praktikal na solusyon sa lahat ng iyong mga tanong.

traditional economy


Sagot :

A traditional economy is a basic economic system where customs and traditions are the elements that determine the way trade and commerce are performed. It is a self-sufficient economy where the community engages in different activities to produce goods or services that are required by the rest of the community.

Explanation:

A traditional economy is a place where the people have strong customs and traditions and monetary status is not significant.