Which are advantages of a traditional economic system?

(Select all that apply.)

Everyone knows about their economic role.

The standard of living is generally very high.

The state offers tax exemptions for entrepreneurs.

Little uncertainty exists about what or how to produce.

Question

Angel Dean

13 February, 18:19

+4

Answers (1)

Know the Answer?

Abdullah Grimes · Answer 1

1 and 4

Explanation:

because it is a traditional economic everything is based off of customs meaning there are no new roles or rules etc.

Which are advantages of a traditional economic system?(Select all that apply.)Everyone knows about their economic role.The standard of living is generally very high.The state offers tax exemptions for entrepreneurs.Little uncertainty exists about what or how to produce.