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