economy, subsistence

economy, subsistence

Dictionary of sociology. 2013.

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  • economy — ▪ I. economy e‧con‧o‧my 1 [ɪˈkɒnəmi ǁ ɪˈkɑː ] noun economies PLURALFORM 1. [countable] ECONOMICS the system by which a country s goods and services are produced and used, or a country considered in this way: • the transformation from a centrally… …   Financial and business terms

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  • subsistence economy — UK US noun [C] ECONOMICS ► an economy in which people produce food, clothes, etc. for their own use, and where food, etc. is not bought or sold: »The country is moving away from a subsistence economy towards a viable market economy …   Financial and business terms

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