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Traditional Economy
Updated: 5/16/2020
Traditional Economy
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Storyboard Text

  • Mom, can I go fishing with Daddy?
  • No honey. We have to stay to cook and sew our family. This is how I was raised and this is how you will be raised.
  • Okay, I understand.
  • It is a part of our culture. We have to do what we need to do to survive.
  • Daddy I caught one!!!
  • Pull it in!
  • A traditional economy relies on customs, history, and time-honored beliefs.
  • Deal.
  • We'll trade you this corn for that rabbit.
  • Everyone is aware of what role they play in contributing to the economy.
  • That's enough, son. We don't need to waste our time on things we don't need.
  • Yes, Daddy.
  • Traditional economies depend on agriculture, fishing, hunting, and gathering.
  • Pack up guys. It's time to go.
  • Yeah, it's getting too cold over here. Let's go that way, I saw a herd of bulls go over there.
  • Traditional economies don't use any currency; instead, they use barter and trade.
  • Traditional economies only produce what they require. Most will make what they need and no more.
  • Some traditional economy families are nomadic. They regularly move a lot to follow migration or seasonal patterns of food growth.
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