What type of economy generally does not produce a surplus of goods?

A traditional economy typically does not produce a surplus of goods because it relies on ancient practices, customs, and beliefs to dictate economic activity. In such economies, production is often based on subsistence farming or small-scale craft production, where communities grow or produce just enough to meet their immediate needs. This limits the ability to create excess goods for trade or sale, as the focus is on survival rather than accumulation or mass production.

In contrast, command economies, where government decisions control production levels, can lead to surpluses depending on how resources are allocated. Market economies, driven by supply and demand principles, are generally more capable of producing surpluses. Oligarchies, being a form of government rather than an economic system, do not fit into the context of goods production directly. Thus, traditional economies are distinctly characterized by their lack of surplus due to their focus on self-sufficiency and adherence to cultural practices.