ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Most adults work outside the home
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Farmers compete with each other
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Farmers raise just enough crops for their family to survive
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The government decides which crops should be grown
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Detailed explanation-1: -Subsistence agriculture occurs when farmers grow food crops to meet the needs of themselves and their families on smallholdings. Subsistence agriculturalists target farm output for survival and for mostly local requirements, with little or no surplus.
Detailed explanation-2: -what is a major feature of an economy based on subsistence farming? the land usually produces only enough crops to feed the farmer and his family.
Detailed explanation-3: -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.
Detailed explanation-4: -Final answer: Low land productivity is a feature of primitive subsistence farming.
Detailed explanation-5: -subsistence farming, form of farming in which nearly all of the crops or livestock raised are used to maintain the farmer and the farmer’s family, leaving little, if any, surplus for sale or trade. Preindustrial agricultural peoples throughout the world have traditionally practiced subsistence farming.