What does traditional economy mean?

Definitions for traditional economy
tra·di·tion·al econ·o·my

Here are all the possible meanings and translations of the word traditional economy.

Freebase

  1. Traditional economy

    A traditional economy is any historical subsistence economy or one that otherwise falls outside the definitions of market or planned economies. A PURE traditional economy has NO changes in how it is done. Examples of traditional economies include those of the Inuit or those of the tea plantations in south India. Traditional economies are popularly conceived of as "primitive" or "undeveloped" economic systems, having tools or techniques seen as outdated. As with the notion of contemporary primitiveness and with modernity itself, the view that traditional economies are backwards is not shared by scholars in economics and anthropology. Traditional economies may be based on custom and tradition or command, with economic decisions based on customs or beliefs of the community, family, clan, or tribe.

How to pronounce traditional economy?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

How to say traditional economy in sign language?

  1. traditionaleconomy

Numerology

  1. Chaldean Numerology

    The numerical value of traditional economy in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of traditional economy in Pythagorean Numerology is: 6

Images & Illustrations of traditional economy

  1. traditional economytraditional economytraditional economytraditional economytraditional economy


Translations for traditional economy

From our Multilingual Translation Dictionary

  • الاقتصاد التقليديArabic
  • économie traditionnelleFrench
  • 伝統的な経済Japanese
  • 전통 경제Korean
  • பாரம்பரிய பொருளாதாரம்Tamil
  • روایتی معیشتUrdu

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"traditional economy." Definitions.net. STANDS4 LLC, 2020. Web. 5 Aug. 2020. <https://www.definitions.net/definition/traditional+economy>.

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