Amadaeo 1 Defintion of Traditional Economy

A traditional economy is defined by three characteristics

•  It about agriculture, fishing, hunting, ect .
•  It is about guiding the traditions.
•  It does not use money instead it uses barter

Amadeo 1 Traditonal Economy

• People that live in traditional economy appears to live in poverty even in their daily lives.
• Some traditional economies operate using emerging markets, or the Third World countries.
• These kind of groups live their lives in families or tribes.
• They cover large areas so they can find enough food to support their family and theirselves.

Amadeo 1-2 Traditonal Economy

• Hunters find an area they can live in and become farmers.
• Traditional Economies are based around a family or tribe.
• Cash takes an important role as traditional economies in the world use market and command economies.

Amadeo 2 Traditional Economy

• As the groups start farming and settling down they use some form of money to make trade from a long distances more easier.
• Traditional Economies are vulnerable to the changes in nature especially in the weather.

Amadeo 3 Traditonal Economy

• There was many aspects of the traditional economy before the Great Depression in the United States.
• Subsistence farming for their livelihood two-thirds of Haiti's population relies on the subsistence farming.

Amadeo 2 Traditional Economy

• Traditional Economies are some times lees destructive to the environment and substainable.
• Native Americans that relied on fishing and hunting was more healthier than those who relied on farming.

Amadeo 3 Tradional Economies

• Many tribes like the Arctic region, North America and eastern Russia they have maintained their own traditional economy.
• For another reason for its poverty some economist point to the Haiti's tradition of voodoo.

Amadeo 3 Traditional Economies

• In 2010 an Earthquake struck Haiti's and it makes them vulnerable to natural disasters.
• A member of the tribe's relationship to manage their family or their people defines him/her.

Amadeo 3 Traditional Economy

• In South America before the Civil War they had some kind of experience of a traditional economy.
• They was led by a strong net work of traditions and cultures that was largely interested by the war.

Amadeo 1-2 Traditional Economy

• Some Economies started out as traditional economies.
• They followed the seasons no matter if it's winter, summer or wet/dry days or seasons.
• When the hunting or harvesting was not going right people starved.