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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.
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What are the level of production?
th evels of productions are subsistence,domestic or export level
What is intensivesubsistence farming?
Intensive subsistence farming is the maximization of food production.
Explain the three levels of production where business activity takes place and the main factors to be takes into account when choosing the location of a factory?
The 3 levels of production where business activity takes place are: 1. Subsistence level 2. Surplus level and 3. Domestic level. The main factors to be taken into account when choosing the location of a factory are: land, labour and capital.
What is subsistence production?
Subsistence production refers to a mode of economic activity where individuals or communities produce just enough goods and services to meet their own basic needs, such as food, shelter, and clothing. This form of production often relies on traditional methods and local resources, with little to no surplus for trade or sale. It is commonly found in rural and developing areas, where people engage in farming, foraging, or fishing to sustain their families. Subsistence production contrasts with market-oriented or commercial production, which focuses on generating profit and surplus.
What is the subsistence production?
Subsistence production refers to a type of agriculture where farmers grow food primarily for their own consumption rather than for sale in the market. This practice typically involves small-scale farming, relying on traditional techniques and local resources. The goal is to meet the basic needs of the household, with little surplus for trade. Subsistence production is often found in rural communities and is closely tied to cultural and social practices.
What are the level of production?
th evels of productions are subsistence,domestic or export level
What are the bases of production decisions in subsistence economy?
because of the scarcity
What is intensivesubsistence farming?
Intensive subsistence farming is the maximization of food production.
What is most of the land of Africa used for?
wheat production. and subsistence agriculture
What is the land in most of north Africa used for?
wheat production. and subsistence agriculture
Diasdvanteges Direct production?
Is the production of products for personal use or own use No surpluses are produced For example subsistence farming
What are the three levels of production?
Core customer value actual product augmented product
What kind of farming only produces enough food for your own family?
It is called subsistence farming.
Explain the three levels of production where business activity takes place and the main factors to be takes into account when choosing the location of a factory?
The 3 levels of production where business activity takes place are: 1. Subsistence level 2. Surplus level and 3. Domestic level. The main factors to be taken into account when choosing the location of a factory are: land, labour and capital.
What is the standard of living in Ethiopia?
Generally poor, subsistence level at best.
Is Mediterranean agriculture subsistence?
Mediterranean agriculture is primarily not subsistence-based. It often involves commercial production of crops like olive oil, wine, and fruits for sale in domestic and international markets. While some small-scale farmers in the region may practice subsistence agriculture, the overall sector is predominantly oriented towards commercial production.
What does substance farming mean?
SubSISTENCE farming is what you were looking for.This termmeans the production of foodmainly for use by the farmer's ownfamily. In less-developed countries,subsistence farming is often one ofthe main economic activities. Incontrast, in developed countriesthere is little subsistence farming.-kev
