Bedarfsdeckungswirtschaft

German

Etymology

Bedarf (need/demand) +‎ -s- +‎ Deckung (covering) +‎ Wirtschaft (economy)

Pronunciation

  • IPA(key): [bəˈdaʁfsdɛkʊŋsˌvɪʁtʃaft]
  • Hyphenation: Be‧darfs‧de‧ckungs‧wirt‧schaft

Noun

Bedarfsdeckungswirtschaft f (genitive Bedarfsdeckungswirtschaft, plural Bedarfsdeckungswirtschaften)

  1. (economics) subsistence economy, non-profit economy (an economic system primarily aimed at meeting the needs of its members rather than maximizing financial profit)
    Die Bedarfsdeckungswirtschaft steht im direkten Gegensatz zur Erwerbswirtschaft.
    The non-profit economy stands in direct contrast to the profit-oriented economy.
    In genossenschaftlichen Modellen findet man häufig Elemente einer Bedarfsdeckungswirtschaft.
    In cooperative models, one often finds elements of a non-profit economy.

Declension

Synonyms

Antonyms

Coordinate terms

  • Gemeinwirtschaft (public/social economy)
  • Genossenschaft (cooperative)
  • Jahresüberschuss (net income; in this system, it is usually reinvested or used to lower prices instead of being distributed as profit)
  • Zahlungskraft (solvency; must be maintained even without a profit motive)
  • Wirtschaftskraft (economic power)
  • Bedarfsfall (case of need)
  • Kostendeckung (cost recovery)

References