Which of the following is characteristic of a traditional economy? * O Communities tend to be fast-growing. O They are usually based on light industrial production. They have a high standard of living. Children tend to have the same jobs as their parents did.

Which of the following is characteristic of a traditional economy? * O Communities tend to be fast-growing. O They are usually based on light industrial production. They have a high standard of living. Children tend to have the same jobs as their parents did.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

● The concern of people for one another.
Which of the following is characteristic of a traditional economy? *
O Communities tend to be fast-growing.
They are usually based on light industrial production.
They have a high standard of living.
O Children tend to have the same jobs as their parents did.
Which of the following is NOT a characteristic of a command economy

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