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A Laotian farmer plowing with a buffalo.
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A traditional economy is a loosely-defined term sometimes used for older economic systems in economics and anthropology. It may imply any of that an economy is not deeply connected to wider regional trade networks; that many or most members engage in subsistence agriculture, possibly being a subsistence economy; that barter is used to a greater frequency than in developed economies; that there is little governmental oversight of the economy, that at least some taxes might be in the form of goods or corvée labor rather than money; or some combination of the above. Aspects of traditional economies often carry forward into the "modern" economies they become, though; it is not uncommon for a traditional economy that heavily centers the role of tribes and families in distributing wealth to continue keeping a large role for them even after connections to outside trade are formed, at least if the original elite manage to keep their status rather than being displaced by an invasion or revolution or the like.[1][2]
^Alexander, David (1976). "Newfoundland's Traditional Economy and Development to 1934". Acadiensis. 5 (2): 56–78. JSTOR 30302530.
^Rosser, Marina V.; Barkley Rosser, J.; Kramer, Kirby L. (1999). "The new traditional economy". International Journal of Social Economics. 26 (6): 763–778. doi:10.1108/03068299910227318. ISSN 0306-8293.
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is defined in contradistinction to the traditional linear economy. The idea and concepts of a circular economy have been studied extensively in academia...
any sharp breaks with the traditionaleconomy, and that control was largely left in the hands of regional rulers. The economy was sustained by general...
moved to the interior regions and retained a significant part of their traditional culture. For a period of long time the Jakun people continued to live...
their communities. On top of the traditional ocean activities such as fisheries, tourism and maritime transport, blue economy entails emerging industries including...
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to describe the coexistence of modern and traditional economic sectors in a colonial economy. Dual economies are common in less developed countries, where...
"Islamic" economy was adopted, outlawing economic practices forbidden in Sharīʿah and mandating traditional religious practices. The economy started privatizing...
The economy of Namibia has a modern market sector, which produces most of the country's wealth, and a traditional subsistence sector. Although the majority...
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of the Mapuches are from Chile. The Mapuche traditionaleconomy is based on agriculture; their traditional social organization consists of extended families...
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language spoken is Nyoro, also known as Runyoro. In the past, the traditionaleconomy revolved around big game hunting of elephants, lions, leopards, and...
The Rabhas are non-vegetarians and rice is their staple food. The traditionaleconomy of the Rabhas in general, is based on agriculture, forest based activities...
Afghanistan went from a traditionaleconomy to a centrally planned economy up until 2002 when it was replaced by a free market economy. Gross domestic product...
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of South Africa's total population.[citation needed] The Tsonga traditionaleconomy is based on mixed agriculture and pastoralism. Cassava is the staple;...
mindaláe trading class, most households in the empire lived in a traditionaleconomy in which households were required to pay tributes, usually in the...
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