Describe the type of society that would use a traditional economic system.

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Ezra

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19 August, 20:14

Describe the type of society that would use a traditional economic system.

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Earl · 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.