Question

Read the paragraph below, and then decide which type of economy is being described. In this economy, community members typically use simple tools to plant and harvest crops. Food supplies are supplemented by hunting animals and gathering plant materials. Members trade with each other to obtain needed goods, as few people hold currency. Little economic growth occurs. What type of economy is being described

Answer 1

Primitive economy is being described in this paragraph. This can be proved by the following points.   Barter system operates and there is no use of currency for buying goods and services.   Old traditional methods of agriculture are used with the clear absence of innovations and technology.   All people can do all types of work so that there are no specialists.