Phrases with «subsistence economy»

A subsistence economy refers to a situation where people produce only enough food, goods, and resources to meet their own basic needs, such as food, shelter, and clothing. They rely on their own labor, skills, and resources to sustain themselves and their families, without engaging in surplus production or trade. Full definition

Sentences with «subsistence economy»

  • The Levant (i.e. modern - day Jordan, Israel, Palestine, Lebanon and Syria) has long been recognised as an important region associated with changes in social complexity and shifts in subsistence economy that pre-empted the shift to agriculture and farming. (sciencedaily.com)
  • Both understood that political agreements — such as creating corporations — make anything more than subsistence economies possible. (mauldineconomics.com)
  • In tribal societies, where strength in numbers meant dominance and the entire tribe shared the responsibility for raising the young who were able to participate in the labor intensive subsistence economy at a relatively young age producing children at a very young age was a social responsibility. (nakedpastor.com)
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