subsistence economy


An economic system wholly reliant on the self provisioning of the community. Wealth in a subsistence economy is measured in terms of natural resources. A subsistence economy relies on hunting and cultivation for food and surrounding trees for building shelter depending on the natural environment's renewal and reproduction for survival.

Use subsistence economy in a sentence

  • When you are dealing with a subsistence economy you must know how to adapt to it to get bigger profits.

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  • The subsistence economy would last because it was placed in the hands of the people and the people could always be trusted.

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  • You should know how to quickly react to a subsistence economy and take advantage of any opportunities that come your way.

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