Subsistence economies

Subsistence economies are systems where communities produce primarily what they need to survive, such as food, clothing, and shelter. They rely on methods like farming, hunting, fishing, or gathering, with little surplus for trade or sale. These economies focus on meeting daily requirements rather than generating profits or supporting large markets. Typically found in traditional or rural societies, subsistence economies emphasize self-sufficiency, using local resources efficiently to sustain their members' basic needs.