🌾traditional economy

noun
/trəˈdɪʃ.ən.əl ɪˈkɒn.ə.mi/

Meaning

An economic system based on customs and traditions, often involving barter trade.

Example Sentences

Tribes still practice a traditional economy based on barter trade.

Synonyms

Subsistence Economy, Barter System, Rural Economy

Antonyms

Industrial Economy, Modern Economy, Market Economy

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