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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.
Autarky is the characteristic of self-sufficiency, usually applied to societies, communities, states, and their economic systems. [1]Autarky as an ideology or economic approach has been attempted by a range of political ideologies and movements, particularly leftist ones like African socialism, mutualism, war communism, [2] communalism, swadeshi, syndicalism (especially anarcho-syndicalism ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
The Ark used wind-based water pumping and electricity and was self-contained in food production. It had living quarters for people, fish tanks raising tilapia for protein , a greenhouse watered with fish water, and a closed-loop sewage reclamation system that recycled human waste into sanitized fertilizer for the fish tanks.
The examples and perspective in this article may not represent a worldwide view of the subject. You may improve this article , discuss the issue on the talk page , or create a new article , as appropriate.
In neoclassical economics, on the other hand, the preoccupation with society's long term growth and development inherent in classical economics was abandoned altogether; instead, economic analysis came to focus on the study of the relationship between given ends and given scarce means, forming the concept of general equilibrium theory within an ...
Self-governance, self-government, self-sovereignty, or self-rule is the ability of a person or group to exercise all necessary functions of regulation without intervention from an external authority. [ 2 ] [ 3 ] [ 4 ] It may refer to personal conduct or to any form of institution , such as family units , social groups , affinity groups , legal ...
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]