Definition of traditional economy

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asked Mar 19, 2021 188k views

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Definition of traditional economy

Social Studies
middle-school

Maturano asked

by Maturano

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a system that relies on customs, history, and time-honored beliefs.

Norman Skinner answered Mar 20, 2021

by Norman Skinner

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Answer:

A traditional economy is a society where economic decisions are guided by customs. It relies on hunting and fishing, and uses a barter system for trade.

Logovskii Dmitrii answered Mar 24, 2021

by Logovskii Dmitrii

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