SlideShare a Scribd company logo
1 of 3
-Allocation
-Traditions, customs, beliefs
“subsistence economy “ or “economy of the ingenious
population”


•barter & trading system   •prehistoric instruments and
•process of production     techniques
and distribution system    •primitive human
•needs of each household   occupations
•family nature             •surplus food production
•nature
•   no competition
•   living in togetherness
•   low a rate of unemployment
•   significant decrease in the rates of crime



•   no gain or profit
•   Undeveloped mindset
•   efficiency and use of resources
•   needs of living alone
• African countries       agriculture
• Asian countries
   o Bangladesh – prime minister and president as the
     head of state
   o Burma
   o Malawi – president
   o Myanmar – military junta

• Brazil and Papa New Guinea
    subsistence farming
    supports about 85% of the population
    small-scale cash cropping

More Related Content

Viewers also liked

Economic system by Neeraj Bhandari ( Surkhet.Nepal )
Economic system by Neeraj Bhandari ( Surkhet.Nepal )Economic system by Neeraj Bhandari ( Surkhet.Nepal )
Economic system by Neeraj Bhandari ( Surkhet.Nepal )Neeraj Bhandari
 
What do stock indexes show?
What do stock indexes show?What do stock indexes show?
What do stock indexes show?Brian Coil
 
Economic Systems Notes
Economic Systems NotesEconomic Systems Notes
Economic Systems Notesmrsharrisonss
 
Types of Economies
Types of EconomiesTypes of Economies
Types of Economiesmrweaverlsn
 
Command economy?Planned Economy
Command economy?Planned EconomyCommand economy?Planned Economy
Command economy?Planned EconomySajith91
 
Economic system Capitalism Socialism And mixed Economy By Milan Kagarana
Economic system Capitalism Socialism And mixed Economy By Milan KagaranaEconomic system Capitalism Socialism And mixed Economy By Milan Kagarana
Economic system Capitalism Socialism And mixed Economy By Milan KagaranaMilan Kagarana
 
The role of government in a market economy
The role of government in a market economyThe role of government in a market economy
The role of government in a market economyAlicia Ross
 
Types of economic systems
Types of economic systemsTypes of economic systems
Types of economic systemsPaula Turner
 
Chapter 1 economic development (1)
Chapter 1 economic development (1)Chapter 1 economic development (1)
Chapter 1 economic development (1)Priya Gupta
 

Viewers also liked (20)

Economic system by Neeraj Bhandari ( Surkhet.Nepal )
Economic system by Neeraj Bhandari ( Surkhet.Nepal )Economic system by Neeraj Bhandari ( Surkhet.Nepal )
Economic system by Neeraj Bhandari ( Surkhet.Nepal )
 
What do stock indexes show?
What do stock indexes show?What do stock indexes show?
What do stock indexes show?
 
Mixed economy
Mixed economyMixed economy
Mixed economy
 
Mixed Economy
Mixed EconomyMixed Economy
Mixed Economy
 
Ch02 ppt
Ch02 pptCh02 ppt
Ch02 ppt
 
Economic Systems Notes
Economic Systems NotesEconomic Systems Notes
Economic Systems Notes
 
Types of Economies
Types of EconomiesTypes of Economies
Types of Economies
 
The choice of an economic system
The choice of an economic systemThe choice of an economic system
The choice of an economic system
 
Mixed Economy [ECO101]
Mixed Economy [ECO101]Mixed Economy [ECO101]
Mixed Economy [ECO101]
 
The economics system
The economics systemThe economics system
The economics system
 
Command economy?Planned Economy
Command economy?Planned EconomyCommand economy?Planned Economy
Command economy?Planned Economy
 
Mixed economy
Mixed economyMixed economy
Mixed economy
 
Economic system Capitalism Socialism And mixed Economy By Milan Kagarana
Economic system Capitalism Socialism And mixed Economy By Milan KagaranaEconomic system Capitalism Socialism And mixed Economy By Milan Kagarana
Economic system Capitalism Socialism And mixed Economy By Milan Kagarana
 
Mixed economy
Mixed economyMixed economy
Mixed economy
 
Economic system
Economic system Economic system
Economic system
 
The role of government in a market economy
The role of government in a market economyThe role of government in a market economy
The role of government in a market economy
 
role of government
role of governmentrole of government
role of government
 
Types of economic systems
Types of economic systemsTypes of economic systems
Types of economic systems
 
Chapter 1 economic development (1)
Chapter 1 economic development (1)Chapter 1 economic development (1)
Chapter 1 economic development (1)
 
Electronic Media
Electronic MediaElectronic Media
Electronic Media
 

Recently uploaded

Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationnomboosow
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdfSoniaTolstoy
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdfssuser54595a
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeThiyagu K
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Educationpboyjonauth
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxRoyAbrique
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformChameera Dedduwage
 
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...RKavithamani
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application ) Sakshi Ghasle
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3JemimahLaneBuaron
 
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Krashi Coaching
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docxPoojaSen20
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13Steve Thomason
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Celine George
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxSayali Powar
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfsanyamsingh5019
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxmanuelaromero2013
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 

Recently uploaded (20)

Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communication
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Education
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy Reform
 
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application )
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3
 
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docx
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdf
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptx
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 

Traditional Economies and Subsistence Farming

  • 1. -Allocation -Traditions, customs, beliefs “subsistence economy “ or “economy of the ingenious population” •barter & trading system •prehistoric instruments and •process of production techniques and distribution system •primitive human •needs of each household occupations •family nature •surplus food production •nature
  • 2. no competition • living in togetherness • low a rate of unemployment • significant decrease in the rates of crime • no gain or profit • Undeveloped mindset • efficiency and use of resources • needs of living alone
  • 3. • African countries agriculture • Asian countries o Bangladesh – prime minister and president as the head of state o Burma o Malawi – president o Myanmar – military junta • Brazil and Papa New Guinea  subsistence farming  supports about 85% of the population  small-scale cash cropping