Traditional economy

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A traditional economy is any economic system involving extensive subsistence agriculture or one that otherwise falls outside the definitions of market or planned economies. Examples of traditional economies include those of the Inuit or those of the tea plantations in south India. Traditional economies are popularly conceived of as "primitive" or "undeveloped" economic systems, having tools or techniques seen as outdated. As with the notion of contemporary primitiveness and with modernity itself, the view that traditional economies are backwards is not shared by scholars in economics and anthropology.

Traditional economies may be based on custom and tradition or command, with economic decisions based on the traditions of community, family, or religion.