Economics · Types of Economies
Subsistence farming is most closely associated with which type of economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Industrialized economies centered around heavy manufacturing
- 2Traditional economies focused on producing food for direct consumption✓
- 3Mixed economies balancing market forces and state control
- 4Market economies where agriculture relies heavily on cash sales
Correct answer
Traditional economies focused on producing food for direct consumption
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