Ask Question
16 January, 08:46

How does a traditional economy answer the questions of what how and for whom to produce

+1
Answers (1)
  1. 16 January, 08:59
    0
    It takes into consideration that who needs what, what will sell, what is cheap to mass produce and if it is profitable and if it is, by how much. If its profitable and cheap to mass produce and is needed by many people then they will be producing lots of that good.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How does a traditional economy answer the questions of what how and for whom to produce ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers