Economics · Types of Economies
Subsistence agriculture is most commonly practiced in which type of economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A post-industrial service-based economy.
- 2A traditional or agrarian economy where farming is tailored for local needs.✓
- 3A market-oriented economy with a heavy export focus.
- 4A highly centralized command economy.
Correct answer
A traditional or agrarian economy where farming is tailored for local needs.
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