Template:Short description Template:Redirect Template:Economic systems sidebar A subsistence economy is an economy directed to basic subsistence (the provision of food, clothing and shelter) rather than to the market.

DefinitionEdit

"Subsistence" is understood as supporting oneself and family at a minimum level. Basic subsistence is the provision of food, clothing, shelter. A subsistence economy is an economy directed to one's subsistence rather than to the market.<ref>'Subsistence agriculture' in: Alan Barnard and Jonathan Spencer, eds. (1996) Encyclopedia of Social and Cultural Anthropology, London and New York: Routledge, p.624.</ref> 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }} Chief Seattle to President Pierce regarding sale of land</ref> In hunting and gathering societies, resources are often, if not typically underused.<ref>Marshall Sahlins (1972) Stone Age Economics, Chicago and New York: Aldine-Atherton, passim e.g. pp.17,34,42,50.</ref>

The subsistence system is maintained through sharing, feasting, ritual observance and associated norms.<ref name="boyd">Template:Cite journal</ref> Harvesting is an important indicator of social capital.<ref name="ready">Template:Cite journal</ref> Subsistence embodies cultural perspectives of relationships to places, people and animals.<ref>Template:Cite journal</ref>

HistoryEdit

In human history, before the first cities, all humans lived in a subsistence economy.Template:Cn As urbanization, civilization, and division of labor spread, various societies moved to other economic systems at various times.Template:Cn Some remain relatively unchanged, ranging from uncontacted peoples, to marginalized areas of developing countries, to some cultures that choose to retain a traditional economy.Template:Cn

List of strategiesEdit

See alsoEdit

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ReferencesEdit

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