A subsistence economy, is an economy in which the people barely meet their everyday needs. It is often seen as a major factor for poverty in developing nations. This is because the people of the society do not trade with other groups, this may be for a vary of reasons but a major one being their isolation. If the people of the society do not produce enough food, or not a variety the people will become sick and contract disease. This type of living is poverty.
The people also do not have everyday items that we take for granted, such as ipods, TV's, computers, fashionable clothes and shopping malls. This is because the people do not produce enough surplus to trade with, sometimes not even producing a surplus at all.
Subsistence cultivation - or subsistence farming - is a form of farming where everything is grown and cultivated solely to support the farmer. This means that there is rarely anything left to sell or trade.
Subsistence farming describes a using a small piece of land such as a few hectares (several acres) to feed a family. It is generally an extremely inefficient way to use farmland. A single farmer usually can not afford the fertilizer and machinery needed to produce bountiful crops. Chavez in Venezuela turned many factory farms into subsistence farms and food production dropped.
Farming that provides for the basic needs of the farmer without surpluses for marketing
market economy
A subsistence economy is an economy which is based on gathering or amassment of valuable items; the increase in wealth; or the creation of wealth. So, basically, an example would be Canada, the United States, etc. Almost the whole world is a subsistence economy.
A commercial economy is an economy that has enough food and supplies left over when used, but a subsistence economy is an economy that has enough food. They don't have he extra left over like a commercial economy.
Market Economy, Peasant/Command Economy, Subsistence Economy, and Traditional Economy.
subsistence economy-novanet answer!
yes i believed th economy was subsistence yes i believed th economy was subsistence
market economy
A subsistence economy is an economy which is based on gathering or amassment of valuable items; the increase in wealth; or the creation of wealth. So, basically, an example would be Canada, the United States, etc. Almost the whole world is a subsistence economy.
A subsistence economy is an economy which is based on gathering or amassment of valuable items; the increase in wealth; or the creation of wealth. So, basically, an example would be Canada, the United States, etc. Almost the whole world is a subsistence economy.
Market economy exists near urban areas of population whereas subsistence economy is an economy where rural areas are hub of economic activities
A commercial economy is an economy that has enough food and supplies left over when used, but a subsistence economy is an economy that has enough food. They don't have he extra left over like a commercial economy.
A subsistence economy is an economy which is based on gathering or amassment of valuable items; the increase in wealth; or the creation of wealth. So, basically, an example would be Canada, the United States, etc. Almost the whole world is a subsistence economy.
subsistence economy
subsistence economy
Traditional Economy
hunting and gathering
agriculture.