Final answer:
A traditional economy is characterized by a reliance on age-old customs and traditions, self-sufficiency, and the absence of modern technology. The Amish provide an example of a traditional economy through their reliance on agriculture, craftsmanship, and cottage industries.
Step-by-step explanation:
A traditional economy is characterized by the absence of modern technology and a reliance on age-old customs and traditions. In the case of the Amish, their traditional economy is based on agriculture and craftsmanship. They engage in farming, growing crops, and raising livestock to sustain their community and way of life.
Amish people also practice cottage industries, where skilled individuals create handmade goods such as furniture, crafts, and textiles. These products are often sold within their community or to the outside world.
One key aspect of a traditional economy is that it is often self-sufficient, meaning the community produces what it needs and doesn't rely heavily on external trade or market systems. Instead of using modern machinery, the Amish rely on manual labor and traditional tools to complete their tasks.
Learn more about traditional economy