Hi, Welcome to Africa. We have the traditional economy. We've been doing the same thing for a while. We are outdated with all the other economies. Like in some areas that are poorer than others don't even have clean water.
Hi, Welcome to the Northern part of Canada. We have a traditional economic system. Wondering what traditional enconony is?
We are considered underdeveloped. We do things the way its always been. In a way we like to keep to ourselves. An example would be that the parents teach their children the how to survive in the freezing weather of the Arctic Circle.
Hi, Welcome to India where we also use traditional economy. It means that we do things the 'Old fashioned' way. We are a bit behind compared to the other economies. An example is our tea plantations that we still grow today.
Hi, Welcome to China. We have a command economy here. This is where are government controls our resources and he owns them.
He can tell us what we can buy and not. He sets our prices for what we need and want.
Our government makes his own set of rules for us to follow. He controls what we do and don't do.