An economy in which all the boys become farmers when they are adults, just as their fathers and grandfathers did, would be an example of a
A. free market economy
B. command economy
C. traditional economy
D. centrally planned economy
An economy in which all the boys become farmers when they are adults, just as their fathers and grandfathers did, would be an example of a C.) TRADITIONAL ECONOMY.
Traditional Economy has the 3 characteristics: 1) Based on agriculture, fishing, hunting, gathering or a combination of any of the 4 afore-mentioned basis.
2) Guided by tradition.
3) Uses barter of goods instead of exchange of money.
