Basic Needs

Low-Tech
Low-tech products use earlier or less developed technology, often characterized by simplicity and ease of use. These products typically have fewer technological complexities and are designed to fulfill basic needs or functions without incorporating advanced technical elements.
Subsistence
Subsistence refers to maintenance without growth, typically in the context of standard of living. It denotes a level of living that is sufficient to keep the economic unit alive and reasonably healthy, but provides nothing more.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.