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What is the difference between a commercial and subsistence economy?
Wiki User
∙ 13y ago
Market economy exists near urban areas of population whereas subsistence economy is an economy where rural areas are hub of economic activities
Wiki User
∙ 10y ago
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What is the difference between market economy and subsistence economy?
A commercial economy is an economy that has enough food and supplies left over when used, but a subsistence economy is an economy that has enough food. They don't have he extra left over like a commercial economy.
The economic dichotomy that occurs in countries where a modern commercial economy overlies a subsistence economy is called?
dualism
Is Nigerian economy subsistence before 1900?
yes i believed th economy was subsistence yes i believed th economy was subsistence
What is The opposite of a subsistence economy?
market economy
What is the difference between economics and commercial activity?
commercial economy those aspects of an economy that are tied to the exchange of goods, services, and labor activities, while economic activity attracts and supports a range of industries.
What is the difference between a barter and monetary economy?
what is the difference between barter economy and monetary economy ?
What is an example of a subsistence economy?
A subsistence economy is an economy which is based on gathering or amassment of valuable items; the increase in wealth; or the creation of wealth. So, basically, an example would be Canada, the United States, etc. Almost the whole world is a subsistence economy.
What is an example of subsistence economy?
A subsistence economy is an economy which is based on gathering or amassment of valuable items; the increase in wealth; or the creation of wealth. So, basically, an example would be Canada, the United States, etc. Almost the whole world is a subsistence economy.
What is the difference between manor economy and commercial revolution?
The manor economy was based on the responsibility of the individual. They rarely, if ever traded with anybody. It was very self-sufficiant. The economy during the commercial revolution was very dependant on trade. No induvidual coulid do anything by themself. This is the difference, one used trade and one didn't.
How is subsistence farming different from commercial farming?
The subsistence farming is practiced to fulfill the basic food requirements of farmer's family where as commercial farming include to earn more after selling the final products of cultivated crops.We can find subsistence farming pattern in remote and tribal areas where the economy level of farmers is very low as well as resources are very limited.
What is a example of a subsistence?
A subsistence economy is an economy which is based on gathering or amassment of valuable items; the increase in wealth; or the creation of wealth. So, basically, an example would be Canada, the United States, etc. Almost the whole world is a subsistence economy.
An economy that makes only enough goods for itself?
subsistence economy
