Economy, asked by gourisharma912, 7 months ago

define subsistence economy and capitalist economy ?

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Answered by raotd

Answer:In a subsistence economy, economic surplus is minimal and only used to trade for basic goods, and there is no industrialization. ... It is common for a surplus capital to be invested in social capital such as feasting.

Explanation:

Answered by ItzVash003

Answer:

In a subsistence economy, economic surplus is minimal and only used to trade for basic goods, and there is no industrialization. ... It is common for a surplus capital to be invested in social capital such as feasting.

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