Question

does subsistence economy provide a good quality of life? Explain answer

Answer 1

Explanation:

A subsistence economy is an economy directed to basic subsistence (the provision of food, clothing, shelter) rather than to the market.[1] Henceforth, "subsistence" is understood as supporting oneself at a minimum level. Often, the subsistence economy is moneyless and relies on natural resources to provide for basic needs through hunting, gathering, and agriculture. In a subsistence economy, economic surplus is minimal and only used to trade for basic goods, and there is no industrializatio