A foundational economic system relies on customs, history, and time-honored beliefs. Resources are allocated based on inheritance, and production methods are often passed down through generations. A prime example can be observed in some indigenous communities, where hunting and gathering practices, along with craftwork, dictate the economic landscape.
This system fosters a strong sense of community and cultural preservation. It can lead to stability and predictability because economic roles and activities are well-defined and understood. Historically, this method of resource allocation prevailed across numerous societies before the advent of industrialization and globalized markets.