subsistence economy

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A subsistence economy is an economy in which a group generally obtains the necessities of life, but do not attempt to accumulate wealth. In such a system, a concept of wealth does not exist, and only minimal surpluses generally are created, therefore there is a reliance on renewal and reproduction within the natural environment. For this reason subsistence economies are often lauded by environmentalists who consider market systems too much of a strain on the environment.

Before the invention of currency, subsistence economies were the dominant economic system throughout the world. The system still survives as the primary traditional practice in several societies, including the Melanesian people of Papua New Guinea and the Solomon Islands. It was also the primary practice in French Polynesia until French military personnel were stationed there in 1962, after which time there was a shift to a tourism-based system.

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Appropriate Economic Systems in Asia, Africa & Latin America
Economic systems

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The economics of fascism refers to the economic policies implemented by fascist governments. "Fascism" itself is a term used to refer to a variety of highly nationalist movements and regimes that existed in parts of Europe (and, according to some, Latin America) during the
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Mercantilism is an economic theory that holds the prosperity of a nation dependable upon its supply of capital, and that the global volume of trade is "unchangeable." Economic assets, or capital, are represented by bullion (gold, silver, and trade value) held by the state, which is
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Communism
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Trotskyism  Juche
Left  Council
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newly industrialized country (NIC) is a socioeconomic classification applied to several countries around the world by political scientists and economists.

NICs are countries whose economies have not yet reached first world status but have, in a macroeconomic sense,
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