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A high level of imports indicates robust domestic demand and a growing economy. If these imports are mainly productive assets, such as machinery and equipment, this is even more favorable for a country since productive assets will improve the economy's productivity over the long run.
What else can I help you with?
What is the difference between mono product economy and import oriented economy?
Describe Nigeria's economy as Mono-product and import oriented economy
What is import oriented economy?
An import oriented economy is one where imports dominate trade. This means that exports are not possible or are not close to the import rate. Such an economy will reap the problems of high debt & what that brings on. Normally it will hurt the economy greatly.
Meaning of import oriented?
Import oriented
What is a problem that prevents Africa from being able?
problems w immigration import oriented economy lack of infrustructure
What are the advantages of an import oriented economy?
It facilitates peace, advances the country in terms of technology, unites the countries involved and enlightens both countries about their culture and traditions.
What are the Advantages of import oriented economy?
It facilitates peace, advances the country in terms of technology, unites the countries involved and enlightens both countries about their culture and traditions.
What is a closed economy?
An economy that does not import or export goods
What was the import and export economy of the Spanish colonies?
The import economy of the Spanish colonies was sugar, molasses, and slaves. The export economy was rice, tobacco, and rum.
The contribution of the primary sector to the South African Economy has changed since 1911 Explain the statement with reference to changes in structure of South African economy and the reasons behind?
pls answer the the above question they dont import stuff they export more
What are importance and reasons of import substitution to export promotion strategy?
Import substitution is crucial to export promotion as it encourages domestic production, reduces dependency on foreign goods, and helps build a competitive local industry. By fostering local manufacturing, countries can enhance their self-sufficiency and create jobs, leading to economic stability. Additionally, a strong domestic market can support the development of export-oriented industries by providing a base for innovation and quality improvements. Ultimately, balancing import substitution with export promotion can lead to sustainable economic growth and a more resilient economy.
what is the reasons to import and export?
The need to trade.
What describes the import and export economy of the Spanish colonies?
banku
