Agriculture-based economies are societies whose primary economic activities revolve around farming and agricultural practices. These economies rely heavily on cultivating crops and raising livestock for sustenance and trade.
Related terms
Subsistence Farming: Subsistence farming refers to agricultural practices carried out primarily for self-sufficiency rather than commercial purposes. In these types of economies, farmers grow just enough food to feed themselves and their families.
Cottage Industry: Cottage industry refers to small-scale manufacturing businesses operated by individuals or families within their homes. Before the Industrial Revolution, many agriculture-based economies relied on cottage industries for additional income.
Feudalism: Feudalism was a political and economic system prevalent in medieval Europe where landowners granted land to peasants in exchange for labor or military service. Many agriculture-based economies were structured around feudalistic systems.