3. a major disadvantage of a traditional economy is: creates a wide variety of goods and services lacks…

3. a major disadvantage of a traditional economy is: creates a wide variety of goods and services lacks social conformity has unstable prices and jobs discourages innovation and progress

3. a major disadvantage of a traditional economy is: creates a wide variety of goods and services lacks social conformity has unstable prices and jobs discourages innovation and progress

Answer

Brief Explanations:

Traditional economies rely on customs and traditions. They often follow long - established ways of production and distribution, which can limit new ideas and technological advancements. Creating a wide variety of goods and services is not a disadvantage. Traditional economies usually have high social conformity. And they generally have stable roles and jobs. But they are slow to change and thus discourage innovation and progress.

Answer:

Discourages innovation and progress