Agrarian Economy
Definition
An agrarian economy is a type of economy that relies heavily on agricultural production as its main source of income and employment.
Analogy
Imagine an agrarian economy as a farm where people work hard to grow crops and raise animals for food. Just like a farmer's livelihood depends on farming activities, an agrarian economy's success is tied to its agricultural productivity.
Related terms
Subsistence Agriculture: A type of farming practiced mainly to meet immediate family needs rather than for sale in the market.
Commercial Agriculture: Large-scale farming carried out for profit rather than solely for family consumption.
Agricultural Revolution: A significant shift in human history when societies transitioned from hunter-gatherer lifestyles to settled farming communities.
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