Question

In which economy do communities generally have a low standard of living?

mixed economy

industrial economy

market economy

traditional economy

Answer 1

D. Traditional Economy

Answer 2

Traditional economy is the correct answer.

Step-by-step explanation:

The traditional economy is based on customs and tradition. In the traditional economy, it produces what is best for its survival. The methods of production remain stagnant and there is no disagreement over the economic goals and roles. Its disadvantages are it resists economic changes which make them less productive than they might be with new approaches. They also prevent people from doing what they wanted. In the traditional economy, they have a lower standard of living.