Who uses a traditional economy?
Although traditional economies existed primarily through the Feudal Ages, many indigenous people and poorer parts of the world still exercise a traditional economy today. For example, many poor parts of Southern Mexico, South America, and Africa still grown their own food, build their own shelters, and hunt and gather. A classic example of the traditional economy is the Inuit Indians of Northern Canada. Resources: seal, caribou, snow Main food source: flesh from the seal, caribou, and other animals Shelter: snow to make igloos, intestines of seals for the door of an igloo or a tent, animal skins for summer tents Clothing: sinew for thread, animal skins for clothing and footwear, intestines of seal for plastic rainwear Economic decisions: based on religious and traditional beliefs. Elders of clans had the most power Other resources include fat from seals to use as oil for lamps, bones and teeth of animals for tools, weapons, and toys, and animal skill for kayaks. The Inuit people depend