Subsistence production means that goods and services are
Answer Details
Subsistence production refers to the production of goods and services for the purpose of consumption by the producer and their household, rather than for sale to others or for the market. In other words, the focus is on producing what is necessary for one's own survival and needs, rather than for profit or exchange with others. Examples of subsistence production include growing vegetables in a home garden for personal consumption or making clothes at home for one's own use.