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11y ago

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What did greece's economy heavily rely on?

Because of Greece's location, it relied mostly on fishing and trading. Nowadays, Greece's economy depends heavily on shipping and tourism.


What positive effect did Greece's location near the sea have on its economy?

Greece had a high emphasis on fishing, which brought in money due to trade.


What type of economy system does Greece have?

Greece has a Capilatist Economy.


Differences between Greece and Egypt?

well where do you begin? location skin tone food different species economy army religion


What type of economy does Greece have?

Capilatist Economy (:


Who is the Prime Minister of Greece who is trying to implement austerity measures to help the Greek economy?

George papandreou


How is greece's economy different form Italy's economy?

Italy has fewer foreign debts and is much better than Greece's economy. Greece accounts for less than 2 per cent of the EU economy.


Is Greece market or command economy?

Market economy


What type of economic system does Greece have?

Greece is a capitalist economy


What is the absolute location of Ancient Greece?

What is the absolute location of Greece?


Is Greece going to be kicked out of the EU?

The last I had heard, the European Union refused to allow Greece to leave. It is my understanding that Greece wants out to help recover it's economy. Greece is not going to be kicked out of the EU simply because its economy is failing. Greece is not the only EU member with strong economic problems. Spain, a much larger economy, is on the brink of becoming another "Greece". Greece has been bailed out, so its economy is given time to recover, in which its debt rate has fallen 40% due to the German bailout. Again, just because Greece's economy is failing doesn't mean they will be kicked out. In fact, it means the opposite. Greece is top priority for the European Union now, and every member is helping to keep Greece afloat. The EU, being a supranational organization, has all its members economies intertwined, so all members must work together to sustain each others' economies. The total destruction of the Greek economy will harm the entire world, but simply leaving the EU won't help the situation, it would worsen it.


How did Greece's location help it become a trading power?

they have the sea to protect them and had few neighbors that could attak them