Craig White's Literature Courses

Terms / Themes

Subsistence Economy

thanks to

Oxford English Dictionary: Subsistence Agriculture: With reference to farming, in which the produce is used for the producer's own subsistence and not for exchange.


subsistence diet n. the minimum amount of food requisite to keep a person in health


subsistence wage n. the amount of money a person must earn in order to achieve a minimal standard of living.


Traditional subsistence economies, in which sustainable methods can keep a limited number of people alive indefinitely, may be contrasted with modern growth economics, which posit abundance, profits, and constantly growing markets or populations.


[ ]x