The economic system that has the benefit of cooperation among individuals but suffers from a lack of individual initiative that leads to greater production describes the:
A) market economy.
B) command economy
C) soviet economy.
D) traditional economy.

Question

Quizplus · Accepted Answer

The description is best suited for a traditional economy, which relies on cooperation among individuals within a community, but lacks the incentive for individual innovation and production.

The Economic System That Has the Benefit of Cooperation Among