Prepayment definition: A prepayment is a payment that you make before you receive goods or services, or before a... | Meaning, pronunciation, translations and examples
A traditional economy is an economic system where decisions are  based on customs, beliefs, or religion within a social community.  People work together to produce goods to â¦ meet their needs, and  share with family. They trade with their community/family with  their excess.
Habit and custom determine economic activities in a(n) a. market economy. b. traditional economy. c. command economy. d. oligarchy. Habit and custom determine economic activities in a(n) a. market economy. b. traditional economy. c. command economy. d. oligarchy.