Final answer:
The example of a traditional economy is Amazon/African Tribes. A traditional economy is characterized by the production and distribution of goods and services based on customs, traditions, and beliefs.
Step-by-step explanation:
The example of a traditional economy is Amazon/African Tribes. A traditional economy is characterized by the production and distribution of goods and services based on customs, traditions, and beliefs. In this type of economy, resources are allocated based on what has been done in the past, and individuals usually have limited mobility.
Africa, specifically some of its tribes, often have traditional economies where people engage in subsistence farming, hunting, and gathering. Amazon tribes also rely on traditional economic activities like fishing, hunting, and agriculture.
In these economies, trade is often barter-based, and there is little use of modern technology or currency. Decisions are made collectively, and there is a strong focus on preserving cultural values and norms.
Learn more about Traditional economies