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A subsistence market refers to an economic system where individuals and communities produce goods primarily for their own consumption rather than for sale or trade. This type of market often arises in rural or underdeveloped areas where resources are limited, and people rely on agriculture, hunting, and gathering to meet their basic needs. The focus is on self-sufficiency and survival rather than profit generation, leading to minimal integration with larger economic systems.
What else can I help you with?
What is The opposite of a subsistence economy?
market economy
Why do you think market-oriented agriculture is more productive than subsistence agriculture?
Agriculture is characterised by a dualistic structure of market-oriented commercial farms and much small-scale subsistence farming.
What factor is key in differentiating subsistence economies from market and planned economies?
The amount of government involvement in the economy.
How does subsistence farming differ from commercial farming?
In Subsistence Farming the farmer grows crops for his and his families benefits with little surplus for marketing. Whereas in Commercial Farming the farmer grows and sells his crops at the market for profit.
What are four different types of economic systems?
Market Economy, Peasant/Command Economy, Subsistence Economy, and Traditional Economy.
What is The opposite of a subsistence economy?
market economy
What is subsistence fishing?
Subsistence fishermen catch just enough to feed themselves and their families, not enough to sell in the market.
Compare and contrast market-oriented and subsistence agriculture?
Market oriented agriculture is the planting and cultivation so as to supply markets and industries. Subsistence agriculture is aimed at feeding a family.
Why do you think market-oriented agriculture is more productive than subsistence agriculture?
Agriculture is characterised by a dualistic structure of market-oriented commercial farms and much small-scale subsistence farming.
Are we a subsistence culture?
No, we are not a subsistence culture. Subsistence cultures rely on hunting, gathering, and agriculture for their basic needs while our society is based on a market economy where goods and services are exchanged for currency.
What is the difference between a commercial and subsistence economy?
Market economy exists near urban areas of population whereas subsistence economy is an economy where rural areas are hub of economic activities
What factor is key in differentiating subsistence economies from market and planned economies?
The amount of government involvement in the economy.
How does subsistence farming differ from commercial farming?
In Subsistence Farming the farmer grows crops for his and his families benefits with little surplus for marketing. Whereas in Commercial Farming the farmer grows and sells his crops at the market for profit.
What are four different types of economic systems?
Market Economy, Peasant/Command Economy, Subsistence Economy, and Traditional Economy.
What is the production of agricultural products destined primarily for direct consumption by the producer rather than for market called?
Subsistence Agriculture
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.
Is china commercial or subsistence farming?
subsistence
