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subsistence economy

English translation: Economy in which production is principally for personal consumption

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:subsistence economy
Selected answer:Economy in which production is principally for personal consumption
Entered by: Saleh Chowdhury, Ph.D.

04:37 Aug 23, 2004
English language (monolingual) [PRO]
Social Sciences - Forestry / Wood / Timber
English term or phrase: subsistence economy
The project will focus on areas where subsistence economy is still dominant and community livelihoods and production strongly depend upon the goods and services provided by the forest.
Ramona Ali
Local time: 21:31
Economy in which production is principally for personal consumption.
Explanation:
subsistence economy: Economy in which production is principally for personal consumption.

Ref: http://www.elissetche.org/dico/S.htm

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Note added at 33 mins (2004-08-23 05:11:56 GMT)
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A good explanation:
\"Subsistence economy
Originally all peoples on the earth lived in what we now call subsistence economies, described by Indian Eco-feminist Vandana Shiva as economies in which you \"satisfy basic needs through self-provisioning.\"1 Instead of relying on money, subsistence economies depend on the riches of the natural world. People grow food, fish, and hunt to satisfy hunger, they build their own houses from natural materials, and they drink from the rivers and streams. Because they live intimately with nature, people living in subsistence economies are more able to view the benefits of respecting nature instead of exploiting it. They harvest plants and eat animals but they also plant new seeds and encourage animals to reproduce. They create little waste and they produce only what they need for a given period instead of storing things up. A subsistence economy depends on nature to reproduce itself as well as human beings working in partnership with nature to ensure that plants, animals, and humans all survive. Within a subsistence economy, people value cooperation with nature and with each other.\"

Ref: http://www.unpac.ca/econsystems.html
Selected response from:

Saleh Chowdhury, Ph.D.
Bangladesh
Local time: 19:31
Grading comment
Thanks, Salleh and also Jarema.
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +4Economy in which production is principally for personal consumption.
Saleh Chowdhury, Ph.D.
4 +2subsistence economy
Jarema


  

Answers


3 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
subsistence economy


Explanation:
subsistence economy
- An economy in which exchange is notable by its absence because goods and services are produced and consumed by the same families.

http://www.google.de/search?q=cache:4ClkVUEEYvQJ:www.marketi...



Jarema
Ukraine
Local time: 16:31
Native speaker of: Native in RussianRussian, Native in UkrainianUkrainian

Peer comments on this answer (and responses from the answerer)
agree  Krisztina Lelik
1 hr
agree  Mario Marcolin: only surplus is traded..
5 hrs
Login to enter a peer comment (or grade)

32 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +4
Economy in which production is principally for personal consumption.


Explanation:
subsistence economy: Economy in which production is principally for personal consumption.

Ref: http://www.elissetche.org/dico/S.htm

--------------------------------------------------
Note added at 33 mins (2004-08-23 05:11:56 GMT)
--------------------------------------------------

A good explanation:
\"Subsistence economy
Originally all peoples on the earth lived in what we now call subsistence economies, described by Indian Eco-feminist Vandana Shiva as economies in which you \"satisfy basic needs through self-provisioning.\"1 Instead of relying on money, subsistence economies depend on the riches of the natural world. People grow food, fish, and hunt to satisfy hunger, they build their own houses from natural materials, and they drink from the rivers and streams. Because they live intimately with nature, people living in subsistence economies are more able to view the benefits of respecting nature instead of exploiting it. They harvest plants and eat animals but they also plant new seeds and encourage animals to reproduce. They create little waste and they produce only what they need for a given period instead of storing things up. A subsistence economy depends on nature to reproduce itself as well as human beings working in partnership with nature to ensure that plants, animals, and humans all survive. Within a subsistence economy, people value cooperation with nature and with each other.\"

Ref: http://www.unpac.ca/econsystems.html

Saleh Chowdhury, Ph.D.
Bangladesh
Local time: 19:31
Native speaker of: Native in BengaliBengali
PRO pts in category: 4
Grading comment
Thanks, Salleh and also Jarema.

Peer comments on this answer (and responses from the answerer)
agree  Alfa Trans (X)
1 min
  -> Thank you Marju
agree  ohemulen
47 mins
  -> Thank you Kristina
agree  Tony M
2 hrs
  -> Thank you Dusty :)
agree  Aleksandra Gjoreska
3 hrs
  -> Thank you Alexandra
Login to enter a peer comment (or grade)



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