A traditional economy is a system where customs, traditions, and beliefs shape the production and distribution of goods and services. In this type of economy, people often rely on agriculture, hunting, and gathering to meet their needs. Economic roles are typically passed down through generations, and bartering is common instead of using money. In a traditional economy, communities are closely connected, and decisions are made based on what has worked in the past. This system is often found in rural areas and among indigenous groups, where practices like subsistence farming and craftsmanship play a vital role in daily life.