A subsistence economy is a type of economic system where communities produce just enough goods and services to meet their own needs. People in these economies typically rely on agriculture, hunting, and gathering to obtain food and resources. The focus is on self-sufficiency rather than trade or profit, which means that surplus production is minimal. In a subsistence economy, families often grow their own crops and raise livestock, using traditional methods passed down through generations. This system is common in rural areas of developing countries, where access to markets and modern technology is limited. Examples of subsistence practices include small-scale farming and foraging for wild plants.