A traditional economy is a system where customs, traditions, and beliefs shape the production and distribution of goods and services. In these economies, people often rely on agriculture, hunting, and gathering, using methods passed down through generations. This type of economy is commonly found in rural or isolated communities. In a traditional economy, bartering is a common practice, as money may not be widely used. People trade goods and services directly, which fosters strong community ties. Examples of traditional economies can be seen in indigenous groups and small villages around the world, where local resources and cultural practices play a vital role in daily life.