subsistence economy
Sign in to savenon-monetary economy which relies on natural resources to provide for basic needs
Wikidata facts
- Instance of
- economic system
- Subclass of
- economy
- Part of
- agriculture
- Has part
- subsistence agriculture
- Followed by
- commodity production
- Image
- 4591 House in Lida Belarus May 2019.JPG
Show 5 more facts
- time period
- Middle Ages
- partially coincident with
- traditional economy
- has characteristic
- household
- studied by
- economics
- facet of
- autarky
Sources (3)
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Encyclopedic overview
A subsistence economy is an economy directed to basic subsistence (the provision of sufficient food, clothing and shelter to sustain life) rather than oriented to sustaining a market in essential and desirable assets.
Definition
Excerpted from Wikipedia’s “subsistence economy” article, available under the CC BY-SA 4.0 licence.