1. An economic system based on customs, beliefs, and traditions where economic decisions are made according to long-established practices, often involving agriculture, hunting, or barter
In a traditional economy, families farm the same land their ancestors did for generations.
Em uma economia tradicional, as famílias cultivam a mesma terra que seus antepassados fizeram por gerações.
2. An economic system typical of developing or pre-industrial societies where production and distribution are determined by cultural customs rather than market forces
Many indigenous communities maintain a traditional economy based on subsistence farming and trade.
Muitas comunidades indígenas mantêm uma economia tradicional baseada em agricultura de subsistência e comércio.