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Julia and Nelson Traditional Economy

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Transcript of Julia and Nelson Traditional Economy

The Traditional Economy Traditional Economy means ... An economic system in which decisions are based on customs, beliefs, or religion, within a strong social community. Sometimes people work for free. Example,you may help your friends, do small favours for neighbours and relatives, or help at home without expecting payment in return. In the Traditional economy, most production is for shared use by a group or family. Profit is not the goal of production. Cultural and religious values often shape economic decisions in this system. Hunting and Gathering In the past,Aboriginal peoples of Canada organized hunting, fishing, and farming to provide for the whole group. For example,in Alberta's Head-Smashed-In Buffalo Jump (the name of the place), the community cooperated to guide a herd of Buffalo towards a cliff. The Buffalo were stampeded over the edge, and the kill was shared. Subsistence Agriculture Traditional economies rely on group production and the sharing of goods, such as the buffalo jump. Traditional economy still exists within countries where subsistence farming is practised. Definition : Subsistence Farmers People who work their own small farms to feed their families. Subsistence Farmers work full time to produce their own food. Subsistence farmers may own a small plot of land where they raise a mixture of crops and livestock. Families work together. Children look after the animals and gather firewood, while adolescents and adults do the heavier farm work. Elderly adults often care for the children, and give valued advice on issues affecting the family, farm, and community. Subsistence farming takes place in developing countries where commerical farms and large plantations often make use of the best lands to grow export crops. Who produces goods and services? Members of the family or the cultural group. What goods and services are produced? The materials needed to provide food, clothing, and shelter. How are goods and services produced? Traditional technology and methods passed down from generation to generation. For whom are goods and services produced? For members of the family or community. How are goods and services distributed? Either by sharing necessities or by trading surplus goods with others. Nomadic herders and shifting cultivators move through marginal lands to produce their food. These areas are too rugged, dry, or isolated for successful commercial farming. However, subsistence farming can produce enough for their families and their community. The Traditional Economy By : Nelson Hossack , Julia and Jennifer Miles
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