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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

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