Which type of economy consumes most of its output and barters the rest for simple goods and services?
A) subsistence economy
B) industrial economy
C) service economy
D) developed economy
E) emerging economy

Question

Quizplus · Accepted Answer

A subsistence economy is one where people produce most of what they need for their own consumption and barter any surplus for other simple goods and services.

Which Type of Economy Consumes Most of Its Output and Barters