What countries have a traditional economy?

A traditional economy is a society where economic decisions are guided by customs. It relies on hunting ... Most traditional economies operate in emerging markets and developing countries. They are often ... Traditional economies can have elements of capitalism, socialism, and communism. read more

Traditional economies are found in developing countries; many of these countries rely on gathering, hunting and farming. These countries have an economic system that involves cooperative decisions in social communities based on tradition or customs. read more

As of 2018, there are few (if any) countries where traditional economy plays a large part. But there are regions of a few countries where there still exist strong traditional economies. read more

A traditional economy is a system that relies on customs, history, and time-honored beliefs. Tradition guides economic decisions such as production and distribution. Traditional economies depend on agriculture, fishing, hunting, gathering, or some combination of the above. They use barter instead of money. read more