Definition of peasant economy in English:

peasant economy

Syllabification: peas·ant e·con·o·my

noun

  • An agricultural economy in which the family is the basic unit of production.
    More example sentences
    • In the first phase of the development of industrial capitalism, there were those who decried the destruction of the peasant economy and petty-bourgeois artisan production.
    • Livestock raising was a major element in the peasant economy, along with fishing, hunting, tar production, and peddling.
    • Rapid population growth before 1600 led to the subdivision of peasant farms through inheritance, creating a fragile peasant economy vulnerable to the effects of crises.

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Pronunciation: skəʊʃ
noun
a small amount; a little