Traditional Economy Countries?


A traditional economy is one where people still use primitive tools and methods of harvesting. These are underdeveloped countries where economic growth is almost nonexistent. There are no true traditional economies left in the world today. The traditional economy is based on countries that have agriculture as their main means of live. The only countries that come close to this definition are Bangladesh, Burma, Malawi, and Myanmar. They are considered to have a mixed economy or are called developing countries.
Q&A Related to "Traditional Economy Countries?"
less developed countries.
A number of principles form the basis of traditional economies. The first of these is survival. People who live in poor rural areas, deserts or in ice-bound parts of the world have
The Philippines is a country that uses a traditional economy. Thank...
China, India. I mean, most of the developing countries.
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