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Question
- in which type of economy would a farmer grow crops for personal use and trade locally? a. traditional b. mixed c. command d. market save answer
In a traditional economy, economic activities are based on customs, traditions, and barter systems. Farmers grow crops for personal consumption and local trade (barter or small - scale exchange) as it relies on traditional practices and local needs. In a mixed economy, there is a combination of market and command elements. A command economy is controlled by a central authority, and a market economy is driven by supply and demand in the market with little focus on personal use - based production for local trade. So the farmer growing crops for personal use and local trade fits a traditional economy.
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A. Traditional