Which is a disadvantage of having a traditional economy?

a. higher standard of living.
b. lower standard of living.
c. economy is stable and predictable.
d. increased chances for an economic depression.

The best and most correct answer among the choices provided by your question is the second choice or letter B. A lower standard of living one of the disadvantages of having a traditional economy.

Traditional economy is an original economic system in which traditions, customs, and beliefs shape the goods and the services the economy produces, as well as the rules and manner of their distribution. Countries that use this type of economic system are often rural and farm-based.


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