Terrence and his family own a farm in a remote region of Chile.They farm only enough to produce enough food to feed the family, and pay their taxes.What are Terrence and his family engaging in?

Question

Quizplus · Accepted Answer

Terrence and his family are engaging in subsistence farming, which means they produce just enough food to meet their family's needs and obligations, such as taxes, without engaging in significant trade or production for the market.

Terrence and His Family Own a Farm in a Remote