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Traditional Economy

Published on Nov 28, 2015

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PRESENTATION OUTLINE

1.

TRADITIONAL ECONOMY

THE ORIGINALS
Photo by Kim Alaniz
2.

A traditional economy is an economy that follows traditions and only trades amongst its own people

Photo by Armando Maynez
3.

EXAMPLES:

  • Sioux
  • Alaskan Inuit
  • Monks
  • African himba tribe
Photo by slaup
4.

ADVANTAGES

  • Self sustained
  • Protection from economic failure
  • Economic Equality
Photo by Len Radin
5.

DISADVANTAGES

  • Outdated
  • No trade amongst nations
  • No innovation
  • Vulnerable during crisis
Photo by DFID - UK Department for International Development

Samantha Amill