Question

What items are produced in a Traditional economic system

Answer 1

A traditional economy is a system that relies on customs, history, and time-honored beliefs. Tradition guides economic decisions such as production and distribution. Societies with traditional economies depend on agriculture, fishing, hunting, gathering, or some combination of them. They use barter instead of money.

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Answer 2

A traditional economy based on customs, traditions, and beliefs has several defining characteristics: A traditional economy is modeled on how a community actually lives, dependent on geography, culture, hierarchy, and tradition. A traditional economy is modeled upon age-old means of production, such as agriculture, fishing, hunting, and gathering

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