Question

What factor influences economic decision-making in a traditional economy?

Answer 1

The answer is custom

Step-by-step explanation:

You should add the options but I know because I had this assignment. I know this is really late by 3 years but someone else might need the answer.

Answer 2

Tradition is that cardinal factor. It determines production and distribution. Traditional societies are based on agriculture, fishing, hunting, gathering or a combination of them. Customs, history and old beliefs are major criteria in traditional economies. There is no law of supply and demand. Individuals just do what their parents do.

Step-by-step explanation: