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Paglalarawan
Sistemang
pang-ekonomiya
Traditional Economy

1 Answer

6 votes

Answer:

Traditional Economy is the oldest economic system.

Step-by-step explanation:

Traditional Economy is an economic system that depends on customs, history, and beliefs. Traditional economies started from ancient times which depend on agriculture, fishing, hunting, gathering. People having Traditional economies use barter instead of money. In barter system, people exchange goods and services with each other according to the requirements.

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