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Economics Asked by a SnapAndSolve user · about 8 hours ago

Directions: Fill in the chart based on the passage. TRADITIONAL CHARACTERISTICS 1. Roles are generational...

Directions: Fill in the chart based on the passage.
TRADITIONAL
CHARACTERISTICS
1. Roles are generational
2. Bartering
3.
HOW DOES THIS ECONOMY BASE ANSWERS TO THE 3 IMPORTANT QUESTIONS?
COMMAND
CHARACTERISTICS
1. Led by a ____________
2.
HOW DOES THIS ECONOMY BASE ANSWERS TO THE 3 IMPORTANT QUESTIONS?
MARKET
CHARACTERISTICS
1.
HOW DOES THIS ECONOMY BASE ANSWERS TO THE 3 IMPORTANT QUESTIONS?
Supply And Demand
KENYA HAS A _______________________ ECONOMY.

Answer

TRADITIONAL:

  1. Roles are generational
  2. Bartering
  3. Customs and traditions determine the answers to the three important questions.

COMMAND:

  1. Led by a central authority
  2. The government determines the answers to the three important questions.

MARKET:

  1. Decisions are made based on individual choice
  2. Supply and Demand determine the answers to the three important questions.

KENYA HAS A mixed ECONOMY.

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