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Self-sustainability is a type of sustainable living in which nothing is consumed other than what is produced by the self-sufficient individuals. Examples of attempts at self-sufficiency in North America include simple living, food storage, homesteading, off-the-grid, survivalism, DIY ethic, and the back-to-the-land movement.
A traditional economy is a loosely defined term sometimes used for older economic systems in economics and anthropology. It may imply that an economy is not deeply connected to wider regional trade networks; that many or most members engage in subsistence agriculture, possibly being a subsistence economy; that barter is used to a greater frequency than in developed economies; that there is ...
Artha (/ ˈ ɑːr t ə,-θ ə /; Sanskrit: अर्थ; Pali: Attha, Tamil: பொருள், poruḷ) is one of the four goals or objectives of human life in Hindu traditions. [1] It includes career, skills, health, wealth, prosperity and the means or resources needed for a fulfilling life.
A number of religious and spiritual traditions encourage simple living. [6] Early examples include the Śramaṇa traditions of Iron Age India and biblical Nazirites.More formal traditions of simple living stretch back to antiquity, originating with religious and philosophical leaders such as Jesus, Lao Tzu, Confucius, Zarathustra, Gautama Buddha, and Prophet Muhammad.
It works to define the absolute minimum resources necessary for long-term physical well-being, usually in terms of consumption goods. The poverty line is then defined as the amount of income required to satisfy the needs of the people. The "basic needs" approach was introduced by the International Labour Organization's World Employment ...
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] The subsistence system is maintained through sharing, feasting, ritual observance and associated norms. [5]
High-yield savings account. Traditional savings account. Interest rates. High rates of return on your savings balance — up to 10 times that of a traditional savings account — to grow your ...
Traditional knowledge can also reflect a community's interests. Some communities depend on their traditional knowledge for survival. Traditional knowledge regarding the environment, such as taboos, proverbs and cosmological knowledge systems, may provide a conservation ethos for biodiversity preservation. [9]