How would a traditional economy determine how to use the profits from a good harvest? history

by asking community elders how they spent past profits

by strengthening the wealth and power of community leaders

by studying how to meet the needs of most community members

by offering loans to community members to build new farm facilities

A traditional economy would determine how to use the profits from a good harvest by A: by asking community elders how they spent past profits

Explanation:

A traditional economy is oldest type of economic system whose motive is not profit. Traditional economies are mostly based on agriculture, hunting, fishing, and gathering. They replace money with Barter and trade. Surplus production is not done.

The people in this type of economic system only believe in their ancestors and elders. They believe only their elders are right and should not be questioned. Therefore, they continue doing things being practiced since the past and only ask their community elders of how to spend the profits in case there is good harvest.

Peabody retells the classic myth of Icarus and Daedalus, in which a skilled inventor creates wings for him and his son, Icarus, so they can escape King Minos of Crete. Overcome by his newly acquired freedom, Icarus flies too close to the sun, resulting in his tragic end.

Explanation: