subsistence business

Any business with a lax business model, allowing only for the owner(s) to maintain a middle-class or lower lifestyle. Sometimes dishonest practices including but not limited to: tax evasion, insurance fraud, and forced child labor; are utilized to keep the business profitable.

Most mom and pop stores are subsistence businesses. Notice how they whine about the local Walmart, yet hypocritically resell Walmart products in their stores.

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