The economic system that answers the What, How and For Whom questions the way they have always been answered is a:
A) market economy.
B) command economy
C) soviet economy.
D) traditional economy.

Question

Quizplus · Accepted Answer

A traditional economy is based on customs, traditions, and beliefs passed down from generation to generation. The economic decisions are made the way they have always been made, with little change over time. This economy revolves around the family and community and relies on agriculture, hunting, and fishing.

The Economic System That Answers the What, How and for Whom