Which type of economy discourages use of technolgy, maintains a lower standard of living and has trouble recouperating from nataural disasters.Group of answer choicesMarket EconomyTraditional EconomyCommang Econmy
Question
Which type of economy discourages use of technolgy, maintains a lower standard of living and has trouble recouperating from nataural disasters.Group of answer choicesMarket EconomyTraditional EconomyCommang Econmy
Solution
The type of economy that discourages the use of technology, maintains a lower standard of living, and has trouble recuperating from natural disasters is the Traditional Economy. This type of economy is based on customs, beliefs, and traditions, and it often lacks the technological advancements and resources to quickly recover from natural disasters.
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