Changes

==Origin==

==Origin==

[http://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English], from Late Latin ''subsistentia'', from ''subsistent''-, ''subsistens'', present participle of ''subsistere''

[https://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English], from Late Latin ''subsistentia'', from ''subsistent''-, ''subsistens'', present participle of ''subsistere''

*[http://en.wikipedia.org/wiki/15th_century 15th Century]

*[https://en.wikipedia.org/wiki/15th_century 15th Century]

==Definitions==

==Definitions==

*1a :  the minimum (as of [[food]] and [[shelter]]) necessary to [[support]] [[life]]

*1a :  the minimum (as of [[food]] and [[shelter]]) necessary to [[support]] [[life]]

A '''subsistence''' economy is a non-monetary economy which relies on natural resources to provide for basic needs, through [[hunting]], gathering, and subsistence [[agriculture]]. "Subsistence" means supporting oneself at a minimum level; in a subsistence economy, economic surplus is minimal and only used to trade for basic goods, and there is no industrialization.

A '''subsistence''' economy is a non-monetary economy which relies on natural resources to provide for basic needs, through [[hunting]], gathering, and subsistence [[agriculture]]. "Subsistence" means supporting oneself at a minimum level; in a subsistence economy, economic surplus is minimal and only used to trade for basic goods, and there is no industrialization.

In the [http://en.wikipedia.org/wiki/History_of_the_world history of the world], before the first [[cities]], all humans lived in a subsistence economy. As urbanization, civilization, and [http://en.wikipedia.org/wiki/Division_of_labor division of labor] spread, various societies moved to other economic systems at various times. Some remain relatively unchanged, ranging from [http://en.wikipedia.org/wiki/Uncontacted_peoples uncontacted peoples], to poor areas of [http://en.wikipedia.org/wiki/Developing_countries developing countries], to some cultures that choose to retain a [http://en.wikipedia.org/wiki/Traditional_economy traditional economy].

In the [https://en.wikipedia.org/wiki/History_of_the_world history of the world], before the first [[cities]], all humans lived in a subsistence economy. As urbanization, civilization, and [https://en.wikipedia.org/wiki/Division_of_labor division of labor] spread, various societies moved to other economic systems at various times. Some remain relatively unchanged, ranging from [https://en.wikipedia.org/wiki/Uncontacted_peoples uncontacted peoples], to poor areas of [https://en.wikipedia.org/wiki/Developing_countries developing countries], to some cultures that choose to retain a [https://en.wikipedia.org/wiki/Traditional_economy traditional economy].

Capital can be generally defined as [[assets]] invested with the [[expectation]] that their [[value]] will increase, usually because there is the expectation of [[profit]], rent, interest, royalties, capital gain or some other kind of return. However, this type of economy cannot usually become wealthy by [[virtue]] of the system, and instead requires further investments to stimulate economic growth. In other words, a subsistence economy only possesses enough goods to be used by a particular nation to maintain its [[existence]] and provides little to no surplus for other investments. Therefore, this type of economy aims to create economic [[stability]] so that capital can be accumulated and the [[inevitable]] economic surplus can be invested in other potentially lucrative business ventures.[http://en.wikipedia.org/wiki/Subsistence]

Capital can be generally defined as [[assets]] invested with the [[expectation]] that their [[value]] will increase, usually because there is the expectation of [[profit]], rent, interest, royalties, capital gain or some other kind of return. However, this type of economy cannot usually become wealthy by [[virtue]] of the system, and instead requires further investments to stimulate economic growth. In other words, a subsistence economy only possesses enough goods to be used by a particular nation to maintain its [[existence]] and provides little to no surplus for other investments. Therefore, this type of economy aims to create economic [[stability]] so that capital can be accumulated and the [[inevitable]] economic surplus can be invested in other potentially lucrative business ventures.[https://en.wikipedia.org/wiki/Subsistence]

[[Category: Economics]]

[[Category: Economics]]