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What is a major feature of a traditional economy?

(1) nationalizing foreign-owned businesses

(2) determining prices using a free market

(3) establishing quotas based on five-year plans

(4) bartering for goods and services

Verified Answer :

One major feature of a traditional economy is "(4) bartering for goods and services," since these types of economies are old and mostly no longer in use in the modern world. 

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