17. how are products allocated in a traditional economic system? *\nby individuals\nby government\nby the…

17. how are products allocated in a traditional economic system? *\nby individuals\nby government\nby the marketplace\nby the consumers incomes\n18. in a communist command economy, who decides how the economic questions will be answered? *\nbusinesses\nindividuals\ngovernment\nventure team

17. how are products allocated in a traditional economic system? *\nby individuals\nby government\nby the marketplace\nby the consumers incomes\n18. in a communist command economy, who decides how the economic questions will be answered? *\nbusinesses\nindividuals\ngovernment\nventure team

Answer

Brief Explanations:

  • In a traditional economic system, customs, traditions, and cultural beliefs determine how products are allocated. There is no mention of individuals, government, marketplace, or consumers' incomes as the main allocators in the traditional sense.
  • In a communist command economy, the government has central control over economic decisions. It decides what to produce, how to produce, and for whom to produce.

Answer:

  1. None of the options provided are correct. In a traditional economic system, products are allocated based on customs and traditions.
  2. Government.