What is a self-sufficient economy?

The characteristic of self-sufficiency economy is that every family or village produces most of the goods they consume, and only a few consumer goods are exchanged with the outside world. Under this system, the allocation and utilization of resources are determined by the direct consumption of residents, and the economic efficiency is low.

1. Natural Economy, also called small-scale peasant economy, is the opposite of commodity economy and a manifestation of private ownership economy. It is an economic form of direct trading without the help of money. The dominant duration of this economic form covers primitive society, feudal society, early capitalist society and semi-colonial and semi-feudal society.

under natural economic conditions, there is no commodity exchange, and production is to directly meet the needs of individual producers or economic units, rather than to exchange and produce and sell.

2. Self-sufficiency: relying on your own production to meet your own needs.

It's about China's long-standing self-made small-scale peasant economy in ancient times. Take family and individual production as the unit. Meet your own needs.