Home > Term: Subsistence farmer
Subsistence farmer
1. Literally, a farmer who produces mostly only for the consumption of the farmer's own household. 2. The term also seems to be used for farmers who grow a crop to sell, but whose income from doing so barely allows them to survive. When trade or trade policy is said to hurt subsistence farmers, it must be under this definition.
- Part of Speech: noun
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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Creator
- Noroc
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