subsistence economies

subsistence economies

Dictionary of sociology. 2013.

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  • Subsistence economy — A subsistence economy is an economy in which a group attempts to produce no more output per period than they must consume in that period in order to survive, but do not attempt to accumulate wealth or to transfer productivity from one period to… …   Wikipedia

  • subsistence economy — An agrarian economy based on production for consumption rather than exchange. Such economies are characterized by low levels of production, yielding a surplus capable of meeting little more than the basic necessities of life, and tend to be seen… …   Dictionary of sociology

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