Question 12(Multiple Choice Worth 4 points) (03.02 LC) In a traditional economy,who determines what to produce? Government Special interests Community Stockowners

## Step 1<br />A traditional economy is an economic system in which traditions, customs, and beliefs shape the goods and services the economy produces. This type of economy is often found in rural and farm-based areas.<br />## Step 2<br />In a traditional economy, the community determines what to produce. This is because the community's traditions and customs dictate what goods and services are produced.<br />## Step 3<br />The government, special interests, and stockowners do not typically determine what to produce in a traditional economy. This is because these entities are more commonly associated with command, market, or mixed economies, where the government, special interests, or stockowners have a significant role in determining what goods and services are produced.