Breaking ground: A new theoretical proposition for subsistence entrepreneurship through a personalist lens

Considering evolving economic and social conditions, there is an increasing need for entrepreneurial concepts that align with changing demands. While subsistence entrepreneurship has been recognized for its potential to alleviate poverty in developing countries, this paper proposes a theoretical framework that integrates existing ideas and incorporates sustainable development objectives from a personalist viewpoint. This novel theoretical grounding is derived from a comprehensive review of the interdisciplinary literature on subsistence entrepreneurship and includes diverse entrepreneurial approaches: Simon's satisfaction theory, and sustainable development objectives. The paper concludes by presenting practical guidance and potential avenues for future research.