Under the aboriginal subsistence system, communities were self-sufficient. Their economy thrived on gathering, fishing, trade and hunting which was enough to sustain them. They made rich use of the environment and guarded it safely unlike the modern economy which has completely misused and polluted it. Hence it is considered an affluent economy.
market 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.
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.
Market Economy, Peasant/Command Economy, Subsistence Economy, and Traditional Economy.
subsistence economy-novanet answer!
yes i believed th economy was subsistence yes i believed th economy was subsistence
market 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.
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.
Market economy exists near urban areas of population whereas subsistence economy is an economy where rural areas are hub of economic activities
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.
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.
subsistence economy
subsistence economy
Traditional Economy
hunting and gathering
agriculture.