QUESTION IMAGE
Question
select the correct answer.
jamie took a school trip to africa to study the economy. in one village, he saw that the people performed only unskilled activities such as hunting and fishing. also, they did not use money to acquire goods. instead, they simply exchanged goods with each other. what type of economy does this village have?
a. communist
b. capitalist
c. mixed
d. traditional
A traditional economy is characterized by subsistence activities (like hunting, fishing), barter (exchanging goods instead of using money), and unskilled labor. Communist economies focus on state - owned production, capitalist on private ownership and profit, and mixed on a combination. The village’s practices match a traditional economy.
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D. traditional