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The distinction between traditional and knowledge economies represents a fundamental transformation in the structure and functioning of economies, with significant implications in the field of economic geography. A traditional economy is typically characterized by subsistence production, local resource use, and low levels of technological advancement. It is often found in rural and underdeveloped regions where economic activities such as agriculture, fishing, forestry, and handicrafts dominate. The economic structure is stable and based on customs, traditions, and barter systems. Labor in traditional economies is generally unskilled or semi-skilled and primarily focused on primary sector activities. Geographic factors such ____ ______ _____ ___ _________ ________ ____.
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