Question

Discuss the main characterstics of a peasant economy. 

02 Aug 2023
Answer :
Word Count : 436

A peasant economy is a type of agrarian economy in which the majority of the population engages in small-scale agricultural production for subsistence or local markets. Peasant economies are typically characterized by the following main characteristics:

  1. Subsistence Agriculture: Peasant economies are primarily focused on subsistence agriculture, where farmers produce crops and raise livestock primarily to meet the needs of their own families and local communities. The main goal is to ensure food security and satisfy basic needs rather than generating surplus for trade.

  2. Small Landholdings: Peasant farmers typically have small landholdings, often with limited access to arable land. The size of the holdings is usually _________ _____ _________ ____ ____ ____ _________ _______ ____.
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