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Traditional Economy

Published on Mar 17, 2016

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1.

TRADITIONAL ECONOMY

BY: LIBBY ARMSTRONG
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2.

WHAT IS IT

  • It is a type of economy that is based of beliefs customs and traditions
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3.

WHO IS IN POWER?

  • The Traditions, customs and beliefs are in power
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4.

WHERE IS THIS TYPE OF ECOMOMY

  • It is mostly in developing countries
  • But it is all over the U.S. too (Amish people)
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5.

PROS

  • Every one has the same beliefs so there is little to no conflict
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6.

CONS

  • They don't use technology
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Libby Armstrong