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1. Technology is rarely if ever used, which makes it hard to improve technique.
2. You are stuck with whatever job you are given, even if you dont like it.
3. If there is climate change or anything goes wrong with their crops, their economy is jeopardized.

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UniversityNow: Types of Economic Systems

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I would not like to live in a traditional economy because i wouldn't have many opportunities. I would probably grow up and do exactly what i did growing up. I also don't like the fact that i'd be stuck with a job, even if i didn't like it. The whole economy is hit-or-miss like if there is a bad season that messes up our crop growth, and that would be our main food supply.

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1.Everything is centered around family or cultural roles so everyone has a specific role.
2. you would learn how to manage your future in farming at a young age.
3. You use up all your resources, nothing is wasted

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In parts of Africa, Asia, Pennsylvania, and in the middle east.

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Traditional economies do what their families in the past generations have always done, those customs govern their economy.

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Kennedy, G

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                         TRADITIONAL ECONOMY

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                         TRADITIONAL ECONOMY