traditional economy

Popular Terms
A type of economy that still uses various means of social support. Some feel that this may be out of date and thus refer to it as a traditional economy.

Use 'traditional economy' in a Sentence

Some people are in favor of keeping a traditional economy on the basis of not letting the underprivileged fall through the cracks.
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The traditional economy of the native people of the Pacific Northwest involved utilizing fishing and whaling products and the western red cedar to produce the housing and food needs of towns and villages on the West coast.
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The United States of America still relies on a traditional economy that utilizes fiat money and depends on the hard work and dedication of a strong and virile workforce.
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