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traditional economy

noun

/trəˈdɪʃ.ən.əl ɪˈkɒn.ə.mi/

Meaning

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

Tribes still practice a traditional economy based on barter trade.

Subsistence Economy, Barter System, Rural Economy

Industrial Economy, Modern Economy, Market Economy

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A person or organization that helps to organize or finance an event, business, or product launch.