Yes the country of Madagascar has a traditional economy but it performs very poorly. The economy is primarily agricultural based.
In Madagascar the economy is fishing and forestry.
lamba
Madagascar
Yes. It's the 3rd one on the list of third world countries
Kazakhstan has a Traditional economy
Traditional Economy
Madagascar is a former French colony and the main religion of France is Roman Catholicism. Madagascar remains 50% traditional and 50% christian. There is also a crossover culture where priests are often invited to bless traditional ceremonies.
china is not a traditional economy now. It has emerged as mix economy.
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
Lamba
Traditional economy has been around since the dawn of man!!!!
The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy is the most basic.