The meaning of SUBSISTENCE ECONOMY is an economy which is not based on money, in which buying and selling are absent or rudimentary though barter may occur, and which commonly provides a minimal standard of living.
subsistence [səbˈsɪstəns] A. N (= nourishment)→ sustento m, subsistencia f; (= existence)→ existencia fmeans of subsistence→ medios mpl de subsistencia B. CPD subsistence allowance N→ dietas fplsubsistence economy N→ economía f de subsistenciasubsistence farmer N campesino...
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live on,survive,last,live,endure,hold out,hold up,go- continue to live through hardship or adversity; "We went without water and food for 3 days"; "These superstitions survive in the backwaters of America"; "The race car driver lived through several very serious accidents"; "how long can...
Learn the meaning of subsistence, subsistence lifestyle, patterns of subsistence, and examples of foraging. View the characteristics of subsistence...
Analyses of economic distribution appear in David Ricardo, Principles of Political Economy and Taxation (1817, reissued 1981), the classical subsistence theory of wages; Karl Marx, Capital, vol. 1 (1886; originally published in German, 1867), also available in many later editions, treating the ...
Although a planned economy may include exchanges of money, these exchanges are less important in allocating resources than the central plan. Planned, or command economy models are usually contrasted with the concept of market economy. A palace economy may be considered as a subsistence economy augmen...
wealthy, while others claim that increases in GNP will always trickle down to the part of the population living at the subsistence level. Concentrated collective poverty In many industrialized, relativelyaffluentcountries, particulardemographicgroups arevulnerableto long-term poverty. Incityghettos, in ...
Usually, the amount is gauged for subsistence: enough to take care of the individual’s basic needs but not enough to provide a lot of frills.UBI is one example of a guaranteed income model. The main alternative model is a guaranteed minimum income (GMI) system, sometimes called a basic ...
“working equid” should be defined as “any equid engaged in physical labour that provides a significant or direct contribution to the economic livelihood, sustenance or support of the owner/user’s family, typically within a low resource setting”. The lack of a standard definition complicates ...