How are decisions made in a traditional economy?

Some designated leader.

[Cite from Stars Suite lesson: A traditional economy is perhaps the most easily understood social organization, but it is by no means any less complex than our other two models. Under a traditional system, custom and heredity play crucial roles. Power, authority, and property often are passed down from generation to generation. For instance, if your father and grand-father were both a blacksmith, you would likely grow up to be one as well. Tradition under this system is very important and individuals readily accept their role in society and work to make certain the needs of the society are met. Large, extended families may be common. A class system might be evident. The leader of the society might be an elder, the chief, or perhaps even a medicine man. (OR, some kind of designated leader)]