Which type of Southeast Asian economies are based on farming, herding, or hunting and gathering customs that have been passed down over time?
(1 point)
Responses
nomadic
nomadic
capitalist
capitalist
traditional
traditional
command
traditional
The type of Southeast Asian economies that are based on farming, herding, or hunting and gathering customs that have been passed down over time are traditional economies.
The type of Southeast Asian economies that are based on farming, herding, or hunting and gathering customs that have been passed down over time are categorized as traditional economies.
To arrive at this answer, first, we need to understand the different types of economic systems. There are primarily four types: traditional, command, market, and mixed.
In the case of Southeast Asia, where farming, herding, and hunting and gathering customs have been followed for generations, the economy is considered traditional. Traditional economies rely heavily on customs, traditions, and cultural practices to determine how resources are allocated and economic activities are carried out. These practices have been inherited and passed down from one generation to another, leading to the continuation of traditional economic activities like agriculture and herding.
On the other hand, nomadic and capitalist do not specifically describe the type of economy based on farming, herding, or hunting and gathering customs. Nomadic refers to a lifestyle where people constantly move from one place to another, typically without the practice of settled farming or herding. Capitalism, on the other hand, is an economic system based on private ownership and the pursuit of profit.
Therefore, the correct answer is traditional.