Identifying Characteristics of a Traditional Economy What are the characteristics of a traditional economy? Check four correct answers. Individuals have little control over economic decisions. Economic activities occur mainly within a family, clan, or tribe. Technology is limited to simple tools such as plows and hand axes. The government sets the prices of goods and services and distributes them. Trade is limited to barter, or trading goods or services for other goods or services. Methods for farming, hunting, and gathering change little from generation to generation.
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Identifying Characteristics of a Traditional Economy What are the characteristics of a traditional e...
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