If resources are easily accessible for countries, they can trade these resources for other resources or goods they don't have. Resource surpluses can also be sold for a profit to other countries.
Since claim to resources lies in geography, then those countries that have lots of valuable resources will be able to sell them to others for quite a lot. Those with high levels of education will also be able to sell that for a lot.
History would suggest that countries with huge levels of "found" money from Natural Resources tend to squander it in unsustainable ways rather than reinvesting in an economic base that can survive on its own. This is a parallel to the difference between individuals who created their own wealth and those who inherited it.
The location affects how the industries grow
Because national economies around the world are interdependent, a recession in one can cause a chain reaction of recessions or contractions in the rest of the world's national economies. This is why the Great Recession in the United States (2008-2010) led to the Euro Crisis (2010-2012, probably further). The converse is also true - a recovery in one economy can bolster and support national economies around the world; this is also happening as the United States and China got their feet back underneath them, the economies of Australia and several European countries also stabilized.
has been around since 19th centry
There are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like communism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success. Free-market and command (apex)
it revolves around the family; rely on habit, custom or ritual. hope this helps <3
No, the Italian economy was not built around the military, and neither was Great Britain's. But note that growing navies needed steel for their new classes of large armored ship so the economies of the European countries (as well as the US and Japan) expanded their steel industries, which led to jobs in steel mills coal mines, shipyards, railroads, chemical companies, and similar industries that caused their economies to boom.
natural resources are all around the planet, however, some places have more resources than others, depending on their location. for example a place full of forests will have a great deal of wood that can be very usefull
The countries of Western Europe were relatively small and with limited amounts of natural resources within their borders. In order to grow their pre-industrial and industrial economies, they needed new sources of raw materials, and in some cases cheaper labor. Since the undeveloped countries of the world could not effectively resist militarily, European countries established colonies around the world.
because of their natural resources and strategic location.
It is because they are not as well developed. (2) many tropical countries are poor because they have been encouraged by earlier imperial rulers to base their economies primarily around crops that have no food value but only create an income by being exported to the affluent first world western countries: examples are tea, coffee, cocoa, sugar, cotton, tobacco, opium.
market economies are found in democratic forms of government
Polytheism can be found around the world, and surveys to determine the exact location in countries are reliant on the number of people that answer truly or at all.
Because national economies around the world are interdependent, a recession in one can cause a chain reaction of recessions or contractions in the rest of the world's national economies. This is why the Great Recession in the United States (2008-2010) led to the Euro Crisis (2010-2012, probably further). The converse is also true - a recovery in one economy can bolster and support national economies around the world; this is also happening as the United States and China got their feet back underneath them, the economies of Australia and several European countries also stabilized.
has been around since 19th centry
each of the affected countries reacted in its own way, with differing results. <3 NoVaNeT <3
The Industrial Revolution
Answer Part of the answer is that they did not have to. After war broke out, Germany attacked and conquered the countries around it and began taking their resources to use for their war effort. They plundered these countries to support their economy.
The Industrial Revolution