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Traditional Economy
A traditional economy is a loosely defined term sometimes used for older economic systems in economics and anthropology. It may imply that an economy is not deeply connected to wider regional trade networks; that many or most members engage in subsistence agriculture, possibly being a subsistence economy; that barter is used to a greater frequency than in developed economies; that there is little governmental oversight of the economy, that at least some taxes might be in the form of goods or corvée labor rather than money; or some combination of the above. Aspects of traditional economies often carry forward into the "modern" economies they become, though; it is not uncommon for a traditional economy that heavily centers the role of tribes and families in distributing wealth to continue keeping a large role for them even after connections to outside trade are formed, at least if the original elite manage to keep their status rather than being displaced by an invasion or revolu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lao Farmer Plowing With Buffalo
__NOTOC__ Lao may refer to: Laos * Something of, from, or related to Laos, a country in Southeast Asia * Lao people (people from Laos, or of Lao descent) * The Lao language * Lao Rongzhi (born 1974), Chinese female serial killer * Lao script, the writing system used to write the Lao language ** Lao (Unicode block), a block of Lao characters in Unicode * LAO, the international vehicle registration code for Laos Other places * Mount Lao (), Qingdao, China * Lao River, Italy, a river of southern Italy * Lao River, Thailand, a tributary of the Kok River in Thailand * Lao, Bhutan, a settlement in Trashiyangtse District, eastern Bhutan * Lao, Estonia, village in Tõstamaa Parish, Pärnu County * Lao, Togo * LAO, IATA code of Laoag International Airport in the Philippines Philosophers * Laozi or Lao-Tzu, philosopher and poet of ancient China. Other * Alternative spelling of Liu, common Chinese surname * California Legislative Analyst's Office * Lands Administration Office * Lega ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsistence Agriculture
Subsistence agriculture occurs when farmers grow crops on smallholdings to meet the needs of themselves and their families. Subsistence agriculturalists target farm output for survival and for mostly local requirements. Planting decisions occur principally with an eye toward what the family will need during the coming year, and only secondarily toward market prices. Tony Waters, a professor of sociology, defines "subsistence peasants" as "people who grow what they eat, build their own houses, and live without regularly making purchases in the marketplace". Despite the self-sufficiency in subsistence farming, most subsistence farmers also participate in trade to some degree. Although their amount of trade as measured in cash is less than that of consumers in countries with modern complex markets, they use these markets mainly to obtain goods, not to generate income for food; these goods are typically not necessary for survival and may include sugar, iron roofing-sheets, bicycle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsistence Economy
A subsistence economy is an economy directed to basic subsistence (the provision of food, clothing and shelter) rather than to the market. Definition "Subsistence" is understood as supporting oneself and family at a minimum level. Basic subsistence is the provision of food, clothing, shelter. A subsistence economy is an economy directed to one's subsistence rather than to the market. Often, the subsistence economy is moneyless and relies on natural resources to provide for basic needs through hunting, gathering, and agriculture. In a subsistence economy, economic surplus is minimal and only used to trade for basic goods, and there is no industrialization. In hunting and gathering societies, resources are often, if not typically underused. The subsistence system is maintained through sharing, feasting, ritual observance and associated norms. Harvesting is an important indicator of social capital. Subsistence embodies cultural perspectives of relationships to places, people and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barter
In trade, barter (derived from ''bareter'') is a system of exchange (economics), exchange in which participants in a financial transaction, transaction directly exchange good (economics), goods or service (economics), services for other goods or services without using a medium of exchange, such as money. Economists usually distinguish barter from gift economy, gift economies in many ways; barter, for example, features immediate reciprocity (cultural anthropology), reciprocal exchange, not one delayed in time. Barter usually takes place on a bilateral trade, bilateral basis, but may be multilateral exchange, multilateral (if it is mediated through a trade exchange). In most developed countries, barter usually exists parallel to monetary systems only to a very limited extent. Market actors use barter as a replacement for money as the method of exchange in times of monetary crisis, such as when currency becomes unstable (such as hyperinflation or a Deflation#Deflationary spiral, de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corvée
Corvée () is a form of unpaid forced labour that is intermittent in nature, lasting for limited periods of time, typically only a certain number of days' work each year. Statute labour is a corvée imposed by a state (polity), state for the purposes of public works. As such it represents a form of levy (taxation). Unlike other forms of levy, such as a tithe, a corvée does not require the population to have land, crops or cash. The obligation for tenant farmers to perform corvée work for landlords on private landed estates was widespread throughout history before the Industrial Revolution. The term is most typically used in reference to Medieval Europe, medieval and early modern Europe, where work was often expected by a feudal landowner of their vassals, or by a monarch of their subjects. The application of the term is not limited to feudal Europe; corvée has also existed in Egypt, modern and ancient Egypt, Sumer, ancient Sumer, ancient Rome, China, Japan, the Incan civil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agricultural Economics
Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber products. Agricultural economics began as a branch of economics that specifically dealt with land usage. It focused on maximizing the crop yield while maintaining a good soil ecosystem. Throughout the 20th century the discipline expanded and the current scope of the discipline is much broader. Agricultural economics today includes a variety of applied areas, having considerable overlap with conventional economics.Daniel A. Sumner, Julian M. Alson, and Joseph W. Glauber (2010). "Evolution of the Economics of Agricultural Policy", '' American Journal of Agricultural Economics'', v. 92, pp. 403-423. Agricultural economists have made substantial contributions to research in economics, econometrics, development economics, and environmental economics. Agricultural economics influences food policy, agricultural p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ancient Economic Thought
In the history of economic thought, ancient economic thought refers to the ideas from people before the Middle Ages. Economics in the classical age is defined in the modern analysis as a factor of ethics and politics, only becoming an object of study as a separate discipline during the 18th century. Ancient Near East Economic organization in the earliest civilizations of the Fertile Crescent was driven by the need to efficiently grow crops in river basins. The Euphrates and Nile valleys were homes to earliest examples of codified measurements written in base 60 and Egyptian fractions. Egyptian keepers of royal granaries, and absentee Egyptian landowners are reported in the Heqanakht papyri. Historians of this period note that the major tool of accounting for agrarian societies, the scales used to measure grain inventory, reflected dual religious and ethical symbolic meanings. The Erlenmeyer tablets give a picture of Sumerian production in the Euphrates Valley around 2200� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manorialism
Manorialism, also known as seigneurialism, the manor system or manorial system, was the method of land ownership (or "Land tenure, tenure") in parts of Europe, notably France and later England, during the Middle Ages. Its defining features included a large, sometimes fortified manor house in which the lord of the manor and his dependants lived and administered a rural estate, and a population of labourers or Serfdom, serfs who worked the surrounding land to support themselves and the lord. These labourers fulfilled their obligations with labour time or in-kind produce at first, and later by cash payment as commercial activity increased. Manorialism was part of the Feudalism, feudal system. Manorialism originated in the Roman villa system of the Late Roman Empire, and was widely practised in Middle Ages, medieval western Europe and parts of central Europe. An essential element of feudal society, manorialism was slowly replaced by the advent of a money-based market economy and new ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
