What was the difference between a subsistence economy and the market economy that developed as a result of nineteenth century transportation

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Georgia Thomas

History

9 March, 05:47

What was the difference between a subsistence economy and the market economy that developed as a result of nineteenth century transportation

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Harper Everett · Answer 1

The difference between a subsistence economy and the market economy that developed during this time was that in a subsistence economy, only enough crops and food were grown to feed the farmer and/or his or her family, while in a market economy a surplus of crops are grown that are then sold to others for a profit.