In which economy do people rely mostly on subsistence farming growing only what they need?

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2026-08-26 19:50

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In a subsistence economy, people primarily engage in subsistence farming, growing only what they need to support themselves and their families. This type of economy is often found in rural areas of developing countries where resources are limited and market access is minimal. Farmers focus on producing enough food for their household rather than for sale, resulting in a self-sufficient lifestyle. Such economies are characterized by low levels of technology and limited surplus production.

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