SSC MTS EXAM

Detailed explanation-1: -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-2: -The following are the three features of this type of farming. (a) It is labour-intensive farming. (b) High doses of biochemical inputs and irrigation are used for obtaining higher, production. (c) Farm size is small and uneconomical due to the division of land.

Detailed explanation-3: -It is characherised by small and scattered land holdings use of primitive tools. Farmers donot use fertilizers and high yielding varieties of seeds as they are poor. Electricity and irrigation facilities are not generally available to them which results in lo w productivity. More items