Traditional Economy

What is a Traditional Economy based on?

• Rules

• Customs & Traditions

• Supplies

In a Traditional Economy, everybody is assigned a role/job.

• True

• False

Which one of these groups do NOT represent a Traditional Economy?

• Eskimos

• Amish

• Catholics

• Indians

Which one of these do Traditional Economies typically NOT do?

• Fishing

• Hunting

• Backpacking

• Gathering

In a Traditional Economy, they always are trying to develop new things.

• True

• False

Traditional Economies are mainly in rural, poor countries.

• True

• False

Traditional Economies date back thousands of years.

• True

• False

There is technology in Traditional Economies.

• True

• False

There are Traditional Economies still in the United States.

• True

• False

In a Traditional Economy, economic decisions are centered around the family unit.

• True

• False