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The Traditional Economy

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by

Shannon White

on 4 May 2010

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Transcript of The Traditional Economy

The Traditional Economy Hunting and Gathering an economic system in which decisions are based on customs, beilefs, or relgion, within a strong social community In the past, the aboriginal peoples of canada organized hunting, fishing, and farming to provide for the whole group. The buffalo were stamped over the edge of a cliff and the killed were shared. Today that kind of sharing doesn't happen Subsistence Agriculture Definition: People who work their own small farms to feed their families Subsistence farmers may own a small plot of land where they raise a mixture of crops and livestock. children look after animals and gather firewood. Adults and adolescents do the heavier farm work. Elderly aldults often care for the children, and give valued advice on issues affecting the family farm and community. Countries with subsitence agriculture often have very little manufacturing and few available services. Marginal lands:
Are areas to hilly, rocky, or dry for large-scale commercial use fvbhg Subsistence farming takes place in developing countries where commercial farms and large plantations often make use of the best lands to grow export crops. Subsistence Farming Economic Questions Economic systems 1.Who produces goods and services 2. What good and services produced 3. How are goods and services produced 4. For whom are goods and services produced 5. How are goods and services distributed. Members of the family or the cultural group. Traditional Economy The materials needed to provide food, clothing and shelter Traditional technology and methods passed down from generation to generation For members of the family or community Either by sharing necessities or by trading surplus goods with others Definition: these diagrams show how much energy it takes to make items in our economy it gets bigger and bigger till we use so much energy it costs more to build than buy!!!
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