An economy based on herbs of any type would be agricultural.
chaparral
industrialization
An agriculture economy is based on farming.
An economy based on trade is generally termed a market economy by those who study these things.
Yes, it is called an extractive economy
This is sometimes called a "tradition-based economy."
Because it's based on the economic model where participation is necessary for it to work. IE: If you don't participate, there is no economy.
an economy based on industry
When there is no rainfall for an extended period, it is called a drought. Droughts can significantly impact water supply, agriculture, and ecosystems, leading to food shortages and environmental degradation. The severity and duration of a drought can vary, affecting regions differently based on local climate conditions.
The term that applies to a country in which the economy is primarily based in diverse industries is called a market based economy. This means that people of that country buy diverse things there, such as gifts, or fresh food, and don't depend on one industry.
Kenya's developing economy is based on agriculture and tourism.
Iowa's economy is based on Agriculture.