Producers and consumers own the factors of production • Custom and habit answer the question of who, what and how to produce • Outside trade and commerce is discouraged • Roles within the community are defined by custom and gender. What type of economic system is described? A) Command B) Market C) Mixed D) Traditional

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Odonnell

11 June, 17:25

Producers and consumers own the factors of production • Custom and habit answer the question of who, what and how to produce • Outside trade and commerce is discouraged • Roles within the community are defined by custom and gender. What type of economic system is described? A) Command B) Market C) Mixed D) Traditional

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Mckee · Answer 1

If Producers and consumers own the factors of production, this is a market economy, but roles within the community are defined by custom and gender, this would be a mixed economy.