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In a traditional economy, products and goods are created as a result of traditions, customs and beliefs. Countries with a traditional economy use the barter system or trading as a ...

Traditional economy


A traditional economy is an original economic system in which traditions, customs , and beliefs shape the goods and the services the economy produces, as well ...

What is Traditional Economy? - InvestorWords.com


Definition of traditional economy: An underdeveloped economy in which communities use primitive tools and methods to harvest and hunt for food, often...

The 4 Types Of Economic Systems Explained - Udemy Blog


May 19, 2014 ... There are four primary types of economic systems in the world: traditional, command, market and mixed. Each economy has its strengths and ...

It is guided by traditions. Cash enables those in the traditional economy to purchase better equipment to make their farming, hunting or fishing more profitable. Their market economy gave them weapons and a source of funding that the traditional economies couldn't com... More »
By Kimberly Amadeo, About.com Guide

What is a Traditional Economy? - Definition, Characteristics ...


In this lesson, we will learn about traditional economies. We will define the term, look at both advantages and disadvantages, and apply the...

What is a Traditional Economy? (with pictures) - wiseGEEK


A traditional economy is an underdeveloped, often agriculturally-based economy. One of the unfortunate hallmarks of a traditional...

What is traditional economy? - BusinessDictionary.com


Definition of traditional economy: A type of economy that still uses various means of social support. Some feel that this may be out of date and thus refer to it as a ...

Traditional Economy - Definition, Examples, Characteristics ...


Oct 12, 2014 ... Traditional Economy - Definition, Examples, Characteristics, Advantages and Disadvantages. 'Business | Employment' is a source of business ...

Types of Economic Systems - Shmoop


Economists generally recognize four basic types of economic systems— traditional, command, market, and mixed—but they don't completely agree on the  ...

Popular Q&A
Q: What is traditional economy?
A: people in traditional economies accept change easily A traditional economy is a very underdeveloped economy that often depends on agriculture as its main base. ... Read More »
Source: wiki.answers.com
Q: What motivates the traditional economy?
A: to keep doing things over and over the same way in the past. Read More »
Source: wiki.answers.com
Q: What are examples of the traditional economy.
A: subsistence framing, hunting and gathering. Read More »
Source: www.answers.com
Q: What is a traditional economy.
A: A traditional economy is an economic system where decisions are based on customs, beliefs, or religion within a social community. People work together to produc... Read More »
Source: www.answers.com
Q: What is a traditional economy a monarchy?
A: Traditional economy is a term normally used to describe economic systems Read More »
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