traditional economy

is not in our dictionary (yet). Here's what it could mean:

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noun

An economic system in which customs, beliefs, and historical precedent dictate how goods and services are produced, distributed, and consumed, often relying on agriculture, fishing, and hunting with barter as a primary means of exchange.

Example Sentences

Examples are provided to illustrate usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Issued by a variety of firms that are currently only lightly regulated through a patchwork of state rules, stablecoins serve as something of a bridge between cryptocurrency markets and the traditional economy.

From New York Times ● Sep. 23, 2021

The country has a relative lack of dependence on the international financial system, because most Afghans do not have bank accounts and largely operate outside the traditional economy.

From Washington Post ● Aug. 19, 2021

Thesaurus

Possible Synonyms

non-monetary system
barter system
primitive communism
agrarian economy
custom-based system

Possible Antonyms

mixed economy
industrialized system
market economy
command economy
capitalist framework