Question #128df

1 Answer
Jan 6, 2018

Members of a traditional economy usually trade goods via a barter system.


A traditional system is an economy based on traditions and customs passed down by generation to generation. The traditional system does not exchange money for goods and services, but instead trade goods and services for goods and services, through a process called bartering. These goods and services are made and traded for anything, for example, one female cow for two adult pigs.

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