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It affects the economy by changes locations of many buildings anbusinesses.
Wiki User
∙ 11y ago
The diverse geography of Venezuela, including its oil reserves and fertile land, has historically influenced its economy. Oil exports have been a major source of revenue, accounting for a significant portion of the country's GDP. However, Venezuela's economy has been negatively impacted by its reliance on oil, leading to challenges when oil prices fluctuate. Additionally, geographic barriers like remote areas and difficult terrain can pose challenges for transportation and infrastructure development.
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How does geography affect the economy of a country?
Geography can impact the economy of a country in various ways. For example, access to natural resources, proximity to trading partners, and the presence of physical barriers like mountains or bodies of water can all influence a country's economic development. A country's geography can also affect its climate, which can impact agriculture and tourism industries.
How did geography affect the way of life of the people of the lake villages?
The geography of the lake villages provided access to water for drinking, fishing, and transportation. It also offered protection from invaders due to the water surrounding the villages. The fertile land near the water allowed for agriculture to thrive, supporting the village economy and food supply.
How did geography affect Egypt's economy?
The geography of Egypt, particularly the Nile River, played a crucial role in shaping the country's economy. The Nile provided fertile land for agriculture, which was the foundation of the Egyptian economy. The predictable flooding of the Nile allowed for successful farming and surplus production, leading to economic prosperity through trade and export of goods. Additionally, the desert geography acted as a natural barrier, providing protection from invasions and allowing the economy to thrive.
How does the physical geography affect Canada and the US economy?
Physical geography influences the economies of Canada and the US through factors like natural resources, climate, and transportation. For example, Canada's vast forests and mineral deposits contribute to its resource-based economy, while the US benefits from diverse landscapes that support agriculture and industries. Geography also plays a role in determining trade routes, access to markets, and the cost of transportation, which all impact economic activities in both countries.
Economy dominated by petroleum has the largest oil reserves in the Western Hemisphere?
Venezuela has the largest oil reserves in the Western Hemisphere and its economy is heavily reliant on petroleum exports. However, political and economic challenges have hindered the country's ability to fully leverage its oil wealth for development.
How did the geography affect the economy of the middle colonies?
The affect that geography had on the economy of the middle Colonies was to help the economy. Farming was the main source of the economy and the fertile soil, and Natural Resources aided the Middle Colonies economy.
How geography affect life and the economy in the southern colonies?
of plantation
What type of economy does Venezuela?
Venezuela has a more communist than capital economy.
What does Venezuela's economy rely on heavenly?
venezuela's economy relys heavenly on oil
What kind economy does Venezuela?
Market Economy.
How did geography affect life and the economy in the deep south?
too cold, changed alot. effected more people!
How did geography affect the development of the economy of the Phoenicians?
They had limited land to support a burgeoning population, so they turned to trade.
How did giography affect the economy?
Geography has affected imports and exports, if objects are exported overseas then they are subject to different taxes.
Why does Venezuela have so much oil?
Oil is important to Venezuela, because it is most of Venezuela's economy.
What Venezuela economy?
Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....
What is Venezuela's economy?
Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....
What type of an economic system is Venezuela?
Venezuela has a more communist than capital economy.
