An underdeveloped economy in which communities use primitive tools and methods to harvest and hunt for food, often resulting in little economic growth. Traditional economies are often found in rural regions with high levels of subsistence farming. Countries that evolve their economies past the traditional level often develop into market economies or command economies.
Related information about traditional economy:
- Traditional economy - Wikipedia, the free encyclopedia
A traditional economy is any economic system involving extensive subsistence agriculture or one that otherwise falls outside the definitions of market or planned ...
- 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 ...
- Traditional Economy
Aug 14, 2012 ... A traditional economy relies on hunting, fishing and agriculture for its base, and is guided by traditions. A large part of the United States was in ...
- What is traditional economy
A traditional economy is a very underdeveloped economy that often depends on agriculture as its main base. Perhaps hearkening back to its agrarian roots, ...
- What Is a Traditional Economy?
Sep 23, 2012 ... A traditional economy is an underdeveloped, often agriculturally-based economy. One of the unfortunate hallmarks of a traditional...
- Traditional Economies and the Inuit | EconEdLink
This kind of an economy is called a traditional economy. A traditional economy is one in which the allocation of resources and other economic activity are based ...
- 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 Some feel that this may be out of date and thus refer to it as a ...
- the new traditional economy - James Madison University
This new perspective is the new traditional economy.[1] What we are proposing is really a new category, albeit one likely to become more significant within the ...