Why is Namibia using traditional economy?

Answer 1

Namibia employs elements of a traditional economy primarily due to its rich cultural heritage and reliance on subsistence farming and pastoralism among indigenous communities. This approach helps maintain cultural identity and sustainable practices while providing livelihoods for many rural inhabitants. Additionally, the traditional economy complements modern economic activities by fostering resilience against external economic fluctuations. As a result, traditional practices coexist with contemporary developments, contributing to the nation’s overall economic diversity.