Explain the period of subsistence crisis? class -9
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Answer:
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 industrialization.[2][3] In hunting and gathering societies, resources are often if not typically underused.[4]
Answer:
the free encyclopedia. Subsistence crisis can be defined as an extreme situation where the basic means of livelihood are endangered. In France, due to the rapid expansion of the population from 23 million in 1715 to 28 million in 1789, a subsistence crisis occurred.