Subsistenzwirtschaft

German

Etymology

Subsistenz (subsistence) +‎ Wirtschaft (economy)

Pronunciation

  • IPA(key): [zʊpziˈstɛnt͡svɪʁtʃaft]
  • Hyphenation: Sub‧sis‧tenz‧wirt‧schaft

Noun

Subsistenzwirtschaft f (genitive Subsistenzwirtschaft, plural Subsistenzwirtschaften)

  1. (economics, agriculture) subsistence economy, self-sufficiency (an economic system in which a group produces only enough to provide for its own needs, with little or no surplus for trade)
    In vielen ländlichen Regionen der Welt dominiert noch immer die Subsistenzwirtschaft.
    In many rural regions of the world, subsistence economy still dominates.
    Die Umstellung von der Subsistenzwirtschaft auf den Exportmarkt verändert oft die sozialen Strukturen eines Dorfes.
    The transition from a subsistence economy to the export market often changes the social structures of a village.

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