Subsistence economy

{{Short description|Economy directed to basic subsistence}}

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A subsistence economy is an economy directed to basic subsistence (the provision of food, clothing and shelter) rather than to the market.

Definition

"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.'Subsistence agriculture' in: Alan Barnard and Jonathan Spencer, eds. (1996) Encyclopedia of Social and Cultural Anthropology, London and New York: Routledge, p.624. 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.{{cite web|url=http://www.businessdictionary.com/definition/subsistence-economy.html|title=What is subsistence economy? definition and meaning|website=BusinessDictionary.com|access-date=7 April 2018|url-status=live|archive-url=https://web.archive.org/web/20171101163546/http://www.businessdictionary.com/definition/subsistence-economy.html|archive-date=1 November 2017}}{{cite web |url=http://www1.umn.edu/humanrts/edumat/sustecon/others/subsistence.htm |title=Subsistence Economy |access-date=2009-11-01 |url-status=live |archive-url=https://web.archive.org/web/20081007213636/http://www1.umn.edu/humanrts/edumat/sustecon/others/subsistence.htm |archive-date=2008-10-07 }} Chief Seattle to President Pierce regarding sale of land In hunting and gathering societies, resources are often, if not typically underused.Marshall Sahlins (1972) Stone Age Economics, Chicago and New York: Aldine-Atherton, passim e.g. pp.17,34,42,50.

The subsistence system is maintained through sharing, feasting, ritual observance and associated norms.{{Cite journal |last=Amanda D. Boyd, Cynthia G. Jardine,Christopher M. Furgal |date=2010 |title=A Social and Cultural Capital Approach to Understanding Traditional Activities on the Land in Two Northern Dene Communities|url=https://cjns.brandonu.ca/wp-content/uploads/30-2-03boyd.pdf |journal= The Canadian Journal of Native Studies |volume=XXX |issue=2 |pages=267–287}}

Harvesting is an important indicator of social capital.{{Cite journal |last=Ready |first=Elspeth |date=2018-12-03 |title=Sharing-based social capital associated with harvest production and wealth in the Canadian Arctic |journal=PLOS ONE |language=en |volume=13 |issue=3 |pages=e0193759 |doi=10.1371/journal.pone.0193759 |issn=1932-6203 |pmc=5846769 |pmid=29529040 |bibcode=2018PLoSO..1393759R |doi-access=free }}

Subsistence embodies cultural perspectives of relationships to places, people and animals.{{Cite journal |last1=F. Berkes , P. J. George, R. J. Preston, A. Hughes, J. Turner, B. D. Cummins |last2=George |first2=P. J. |last3=Preston |first3=R. J. |last4=Hughes |first4=A. |last5=Turner |first5=J. |last6=Cummins |first6=B. D. |date=1994 |title=Wildlife Harvesting and Sustainable Regional Native Economy in the Hudson and James Bay Lowland, Ontario |url=https://www.jstor.org/stable/40511596 |journal=Arctic |volume=47 |issue=4 |pages=350–360 |doi=10.14430/arctic1308 |jstor=40511596 |issn=0004-0843|doi-access=free }}

History

In human history, before the first cities, all humans lived in a subsistence economy.{{cn|date=December 2023}} As urbanization, civilization, and division of labor spread, various societies moved to other economic systems at various times.{{cn|date=December 2023}} Some remain relatively unchanged, ranging from uncontacted peoples, to marginalized areas of developing countries, to some cultures that choose to retain a traditional economy.{{cn|date=December 2023}}

List of strategies

See also

References