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Making just enough to live... so being able to pay the bills and buying food and that's about it.

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12y ago

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What is the main source of income in a subsistence economy?

agriculture.


What are some problems when subsistence farming?

Some problems wit subsistence farming are...1 small area of land 2 productivity and efficiency 3 decision making freedom 4 huge waste of resources 5 income and level of living


What is subsistence affluence?

Subsistence affluence is achievement of a good standard of living through reliance on self-sufficiency in local foods and with little cash income.


What is a commercial crop raised for income rather than subsistence crop raised for the use of the farmer and his family?

Cacao is a commercial crop raised for income rather than a subsistence crop raised for the use of the farmer and his family.


What are the level of production?

th evels of productions are subsistence,domestic or export level


What is a commercial crop raised for income rather than a subsistence crop raised for the use of the farmer and his family?

Cacao is a commercial crop raised for income rather than a subsistence crop raised for the use of the farmer and his family.


What is the standard of living in Ethiopia?

Generally poor, subsistence level at best.


What is subsistence level of production?

A subsistence level of production is the bare minimum level of production that is needed. This concept can be applied to different situations. In the context of agriculture or farming, subsistence farming is the farmer produces enough food to feed the family and no more. Subsistence farming implies that the farmer and the farmer's family consumes as much as is produces and there is no surplus production. Subsistence farming continues to exist in parts of Latin America and Asia where there are still large quantities of peasants and villages. This concept can also be loosely applied to the means of production where subsistence level of production is producing enough to keep producing for the next cycle of production in which production is producing no profits but the firm is also not losing money.


What was the difference between cash cropping and subsistence farming?

cash cropping is growing crops and then selling them for your income. Subsistence farming is growing your crops and then eating them with your family, this is your only job and you make no income.


What does income level mean?

what does income level mean?


What is the primary determinant of the level of consumption and saving in the economy?

the level of income


Which is most characteristic of a society with a subsistence-level economy?

a large percentage of the population engaged in farming