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QUESTION IMAGE

in a traditional economy, decisions about which goods are produced are …

Question

in a traditional economy, decisions about which goods are produced are based on:

a. what the government decides is important for society

b. what goods are most likely to sell in international markets.

c. what businesses believe will generate the most profits.

d. what the local community has made for generations.

Explanation:

Brief Explanations

In a traditional economy, production is based on long - standing customs and traditions of the local community. Goods produced are those that have been made by the community for generations. Government - determined importance for society is more related to a command economy. Goods for international markets and profit - generating goods are more relevant to market economies.

Answer:

D. what the local community has made for generations