Question

50 points please help

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

the weather
the opportunity to make a profit
custom
the government

Answer 1

A traditional economy is a system that relies on customs, history, and time-honored beliefs. Tradition guides economic decisions such as production and distribution. Societies with traditional economies depend on agriculture, fishing, hunting, gathering, or some combination of them. They use barter instead of money.