Glossary entry (derived from question below)
English term or phrase:
subsistence economy
English answer:
Economy in which production is principally for personal consumption
Added to glossary by
Saleh Chowdhury, Ph.D.
Aug 23, 2004 04:37
19 yrs ago
1 viewer *
English term
subsistence economy
English
Social Sciences
Forestry / Wood / Timber
The project will focus on areas where subsistence economy is still dominant and community livelihoods and production strongly depend upon the goods and services provided by the forest.
Responses
+4
32 mins
Selected
Economy in which production is principally for personal consumption.
subsistence economy: Economy in which production is principally for personal consumption.
Ref: http://www.elissetche.org/dico/S.htm
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Note added at 33 mins (2004-08-23 05:11:56 GMT)
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A good explanation:
\"Subsistence economy
Originally all peoples on the earth lived in what we now call subsistence economies, described by Indian Eco-feminist Vandana Shiva as economies in which you \"satisfy basic needs through self-provisioning.\"1 Instead of relying on money, subsistence economies depend on the riches of the natural world. People grow food, fish, and hunt to satisfy hunger, they build their own houses from natural materials, and they drink from the rivers and streams. Because they live intimately with nature, people living in subsistence economies are more able to view the benefits of respecting nature instead of exploiting it. They harvest plants and eat animals but they also plant new seeds and encourage animals to reproduce. They create little waste and they produce only what they need for a given period instead of storing things up. A subsistence economy depends on nature to reproduce itself as well as human beings working in partnership with nature to ensure that plants, animals, and humans all survive. Within a subsistence economy, people value cooperation with nature and with each other.\"
Ref: http://www.unpac.ca/econsystems.html
Ref: http://www.elissetche.org/dico/S.htm
--------------------------------------------------
Note added at 33 mins (2004-08-23 05:11:56 GMT)
--------------------------------------------------
A good explanation:
\"Subsistence economy
Originally all peoples on the earth lived in what we now call subsistence economies, described by Indian Eco-feminist Vandana Shiva as economies in which you \"satisfy basic needs through self-provisioning.\"1 Instead of relying on money, subsistence economies depend on the riches of the natural world. People grow food, fish, and hunt to satisfy hunger, they build their own houses from natural materials, and they drink from the rivers and streams. Because they live intimately with nature, people living in subsistence economies are more able to view the benefits of respecting nature instead of exploiting it. They harvest plants and eat animals but they also plant new seeds and encourage animals to reproduce. They create little waste and they produce only what they need for a given period instead of storing things up. A subsistence economy depends on nature to reproduce itself as well as human beings working in partnership with nature to ensure that plants, animals, and humans all survive. Within a subsistence economy, people value cooperation with nature and with each other.\"
Ref: http://www.unpac.ca/econsystems.html
4 KudoZ points awarded for this answer.
Comment: "Thanks, Salleh and also Jarema."
+2
3 mins
subsistence economy
subsistence economy
- An economy in which exchange is notable by its absence because goods and services are produced and consumed by the same families.
http://www.google.de/search?q=cache:4ClkVUEEYvQJ:www.marketi...
- An economy in which exchange is notable by its absence because goods and services are produced and consumed by the same families.
http://www.google.de/search?q=cache:4ClkVUEEYvQJ:www.marketi...
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