Traditional Economic System

Traditional Economic System

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  • Traditional Economic System
  • Hello there! I am Mr. Joko and my community is using the traditional economic system.
  • So here, as you can see, I am in my own agriculture area. I've been growing my own crops since I was young, and my father told me how to do it.
  • My wife and child are helping me take care of my crops.
  • Here is Mr. Joko , one of the citizen of the community that still apply the traditional economic system.
  • Deal.
  • Do you want to barter? I have 1 sack of corn.
  • Mr. Joko started to plant his own crops since he was young.
  • Why are most of my crops dying?And the quality of the crops that survive is so bad. It also takes so much of my energy just to produce a few.
  • I'm so glad with the result of my crops. They grow so fast and have good quality. It's good that I use advanced machines
  • This is one of the advantages of the traditional economic system. People are not individualistic and therefore they like to help each other. It also allows families to have stronger bond.
  • Despite the disadvantages,I choose to see it from the good side. I am glad that I live in the area which applies traditional economic system.
  • The people in the traditional economic systems prefer to do barter. Barter means to exchange goods we have with the goods we need to other people who needs what we have. That also shows that the citizens/ member of community feel safe in the community because they know each other.
  • Traditional economic system have disadvantages too. They have simple tools. It will consume much more energy and time. The quality of the product produced is also poor, compared to those in liberal and command economic system, because they not use any machines.
  • liberal economic system.
  • traditional economic system
  • Even though there are disadvantages,some area still apply the traditional economic system. It is because they believe that the traditional economic system is the most beneficial for them compared to the other economic systems.
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