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Africa

  • They are mainly farmers they farm as means of there jobs and there there food supply

A traditional economy

A traditional economy refers to countries which have their economy based on the basic economic activities of hunting and gathering or farming.

strengths and weaknesses of the Traditional economy

weaknesses

  • natural oppositional (weather)
  • rely on larger country's such as America and the UK
  • they can not compete in global market

Strengths

  • traditional economies rely on custom and tradition
  • distribution of resources mostly well known
  • less destructive to the environment and more sustainable
  • society is more unified and everyone knows their role in society

How does traditional economy answer the three Questions

  • The necessities are produced by the family unit for the family unit

Native Americans

Traditional Economy

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