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Is an economy that is based on mining or producing raw materials to be used in foreign industries called an extractive economy?
Wiki User
∙ 9y ago
Yes, it is called an extractive economy
Wiki User
∙ 9y ago
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What type of economy is based on mining or producing raw materials to be used in foreign industries?
An industrial economy is based on mining or producing raw materials to be used in foreign industries.
How India can become world largest economy?
by producing maximum products in all industries
What were some important things of the colonial economy of Mexico?
It was a colonial economy, meaning the industries it possessed were basically extractive (mines, plantations, haciendas); also most investment was made on infrastructure that allowed to export those products to Spain, such as roads and ports.
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
Why the primary sector of the economy contribute a large proportion to total income in a country?
this happen when a country have no industries to manufacture their raw materials
What type of economy is based on mining or producing raw materials to be used in foreign industries?
An industrial economy is based on mining or producing raw materials to be used in foreign industries.
What type of economy is based on mining or producing raw materials to be used to foreign industries?
An industrial economy is based on mining or producing raw materials to be used in foreign industries.
What type of economy is based in mining or producing raw materials to be used in foreign industries?
An industrial economy is based on mining or producing raw materials to be used in foreign industries.
What type of economy is based on mining or producing raw materials to used in foreign industries?
An industrial economy is based on mining or producing raw materials to be used in foreign industries.
What type of economy is based on mining or producing raw to be used in foreign industries?
An industrial economy is based on mining or producing raw materials to be used in foreign industries.
How India can become world largest economy?
by producing maximum products in all industries
What were some important things of the colonial economy of Mexico?
It was a colonial economy, meaning the industries it possessed were basically extractive (mines, plantations, haciendas); also most investment was made on infrastructure that allowed to export those products to Spain, such as roads and ports.
What is an extractive economy?
"A resource-based economy, dependant on harvesting or extracting natural resources for sale or trade."
How was the colonial economies?
colonial economy was among the activities introduced by the intruders in in their colonies so as they can get raw materials to feed their industries in Europe. the components of colonial economy was agriculture, mining, industries,etc
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
Why the primary sector of the economy contribute a large proportion to total income in a country?
this happen when a country have no industries to manufacture their raw materials
How did the US make the transformation to a peacetime economy?
Because they were already producing war materials in a big way and they had plenty of time to plan the transition.
