All societies must address the questions of what outputs to produce, how to produce those outputs, and who gets to consume them because: scarcity exists and the desired uses for resources exceed the resources available. An economic system is a society's the technique of producing and distributing goods and services.
The traditional economies make decisions about what to produce, how to create it, and to whom to distribute it based on habit, tradition, or ritual. The scarcity is one of the fundamental characteristics of economic, which deals with how the people satisfy endless wants and requirements with the limited resources.
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