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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. [1] Often, the subsistence economy is moneyless and relies on natural resources to provide for basic needs through hunting, gathering, and agriculture.
In 2015, about 2 billion people (slightly more than 25% of the world's population) in 500 million households living in rural areas of developing nations survive as "smallholder" farmers, working less than 2 hectares (5 acres) of land. [7] Around 98% of China's farmers work on small farms, and China accounts for around half of the total world ...
The Coalition for Economic Survival (CES) is a grassroots, non-profit community organization. CES works in the greater Los Angeles area to influence policy makers to improve the lives of low and moderate income people.
Poverty is a state or condition in which an individual lacks the financial resources and essentials for a basic standard of living. Poverty can have diverse environmental, legal, social, economic, and political causes and effects. [1]
These rich, elderly countries will have to make a hard choice for economic survival: force people to work more, or allow immigrants to fill in? Lant Pritchett, one of the world’s top thinkers on ...
Post-scarcity is a theoretical economic situation in which most goods can be produced in great abundance with minimal human labor, so that they become available to all very cheaply or even freely.
By economic surplus is meant all production which is not essential for the continuance of existence. That is to say, all production about which there is a choice as to whether or not it is produced. The economic surplus begins when an economy is first able to produce more than it needs to survive, a surplus to its essentials.
Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...