Traditional economies are also known as
a. controlled economies
b. subsistence economies
c. mixed economies
d. market economies

b. subsistence economies

Explanation:

The Traditional economy is one where the economic system is in the traditional model and the traditional beliefs help shape the traditional ways of doing things. It is regarded as the farm and rural-based system and is knows by other names as the substance economies. Has no change in how it operates and thus, an example of this includes the Inuit or those of the tea plantation in southern India. As these are traditional and custom economies they are based on the old-style values and the beliefs, associate with clans and the tribal group of people.

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