What is another word for traditional economy?
Pronunciation: [tɹɐdˈɪʃənə͡l ɪkˈɒnəmi] (IPA) 
A traditional economy is one that relies on customs, rituals, and traditions to produce and distribute goods and services. Synonyms for the word "traditional economy" include subsistence economy, pre-modern economy, customary economy, and primitive economy. These economies prioritize self-sufficiency and survival over profit and growth, and often involve small-scale agriculture, hunting, and gathering. In contrast to modern, market-oriented economies, traditional economies are typically based on bartering and sharing rather than monetary exchange. They are also deeply rooted in cultural and social norms, and may vary widely from region to region. While traditional economies are less common in the modern world, they continue to exist in some rural and indigenous communities.
