Who does a traditional economy produce it for?

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1267129

2026-03-09 15:01

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A traditional economy produces goods and services primarily for the local community and its members, focusing on subsistence and meeting basic needs. Production is typically based on customs, traditions, and cultural practices, with little emphasis on market exchange or profit. This type of economy often involves agriculture, hunting, and gathering, with resources shared among the community rather than sold for profit.

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