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  1. You can only produce enough to survive
  2. you cannot trade/ sell things
  3. cant satisfy your wants
  4. Hard life
  5. No specializing in jobs (you cant pick your job)
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What type of economy do the bobo tribe people have?

The Bobo tribe, primarily found in Burkina Faso, practices a subsistence economy that revolves around agriculture and livestock rearing. They cultivate crops such as millet and sorghum and engage in small-scale trade within their communities. Additionally, they may participate in local markets, exchanging goods and services. This economy is closely tied to their cultural practices and communal living.


What is china's traditional economy?

China's traditional economy is primarily agrarian, characterized by subsistence farming and reliance on agriculture, handicrafts, and local trade. Historically, it operated within a system of Confucian values, emphasizing family, community, and social hierarchy. The economy was largely decentralized, with local markets and barter systems playing a significant role. Over the years, China has transitioned to a more market-oriented economy, but many traditional practices and cultural influences remain embedded in its economic activities.


Is development of economy internal or external phenomenon?

development of an economy is an internal phenomenon as it comes from within.


Primitive economy where almost everything is made by hand?

A primitive economy characterized by handmade goods typically relies on subsistence farming, hunting, and gathering. In such economies, communities produce what they need for survival, with each family or group crafting tools, clothing, and shelter using local materials. Trade may occur within and between communities, but it is often bartering rather than using currency. This system emphasizes self-sufficiency, craftsmanship, and a deep connection to the environment.


The effect of unemployment on South African business?

Poverty can have a number of effects on South African businesses. It creates a poor operating environment for businesses within the global economy. But it can also create opportunities since this will usually mean that it favours low cost providers who might find an increase in business.

Related Questions

What is substance economy?

If you happen to mean subsistence economies, then please find your answer here: "A subsistence economy is an economy in which a group attempts to produce no more output per period than they must consume in that period in order to survive, but do not attempt to accumulate wealth or to transfer productivity from one period to the next. In such a system, a concept of wealth may not exist, and there is a reliance on renewal and reproduction within the natural environment." Source: http://en.wikipedia.org/wiki/Subsistence_economy


Which of the following statements accurately describes the term oxidation?

The negative effects of carcinogens within the body


What is Subsistence Incidence?

Subsistence incidence refers to the proportion of people living in poverty or who are unable to meet their basic needs for food, shelter, and clothing. It measures the prevalence of extreme poverty within a population.


What type of economy do the bobo tribe people have?

The Bobo tribe, primarily found in Burkina Faso, practices a subsistence economy that revolves around agriculture and livestock rearing. They cultivate crops such as millet and sorghum and engage in small-scale trade within their communities. Additionally, they may participate in local markets, exchanging goods and services. This economy is closely tied to their cultural practices and communal living.


What are subsistence patterns?

Subsistence patterns refer to the ways in which societies obtain food and resources to meet their basic needs. This includes hunting and gathering, pastoralism, horticulture, agriculture, and industrialism. The choice of subsistence pattern can have a significant impact on social organization and cultural practices within a society.


What are the positive and negative effects of the counter reformation?

Positive effects of the Counter-Reformation include the revitalization of the Catholic Church, spread of education through the establishment of new schools, and increased emphasis on missionary work. Negative effects may include increased religious intolerance, use of violence to suppress dissent, and the consolidation of power within the Catholic Church.


Can warmed milk be refrigerated again without any negative effects on its quality or safety?

Yes, warmed milk can be refrigerated again without any negative effects on its quality or safety as long as it is done within a safe time frame and the milk has not been left out at room temperature for too long.


What is china's traditional economy?

China's traditional economy is primarily agrarian, characterized by subsistence farming and reliance on agriculture, handicrafts, and local trade. Historically, it operated within a system of Confucian values, emphasizing family, community, and social hierarchy. The economy was largely decentralized, with local markets and barter systems playing a significant role. Over the years, China has transitioned to a more market-oriented economy, but many traditional practices and cultural influences remain embedded in its economic activities.


What negative effects is brought by the missionaries in the Igbo village?

Some negative effects of missionaries in Igbo villages in Nigeria include cultural imperialism, the disruption of traditional belief systems and social structures, and the loss of indigenous languages and customs. Missionaries can also contribute to conflicts within communities by challenging traditional authority and beliefs.


How black money affect our Indian economy and its bad effects?

If all the black money from the Swiss Bank are transferred to India's national income then we could race U.S within a week.................


What effects does Helen have on her family?

Helen's actions and decisions can have a significant impact on her family dynamics. Positive effects could include providing support, strengthening bonds, and fostering communication. Negative effects could include causing conflict, creating tension, and leading to emotional distress within the family.


When the body reacts to stop or work in the opposite direction of a stimulus is it known as negative feedback or positive feedback?

When the body reacts to stop or work in the opposite direction of a stimulus, it is known as negative feedback. Negative feedback mechanisms help maintain homeostasis by reducing the effects of a stimulus to keep things within a normal range.