A subsistence economy is one in which ________.
A)much of the revenue comes from exporting one or more natural resources
B)fast growth in manufacturing results in overall economic growth
C)more import of raw materials is required
D)manufactured goods form a major part of exports
E)a vast majority of people engage in simple agriculture

Question

Quizplus · Accepted Answer

In a subsistence economy, the focus is on producing enough food and goods to meet the basic needs of the people living in the area. This usually involves simple agriculture and traditional methods of production. There is little emphasis on industrialization or exports.

A Subsistence Economy Is One in Which ________