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That's a great question.
Miss, do you know what a traditional economy is?
Traditional economy relies on customs or honored beliefs. Traditional economy has to do with the economic decisions of production and distribution. This economy first started out centered around a tribe or family.
Traditional economy depends on agriculture...
and hunting to help the people trade goods to one another, instead of using money.
South America was almost a complete traditional economy, before the Civil War broke out.
In the United States before the Great Depression there was aspects of traditional economy. Agriculture was 40% of workforce.
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