It facilitates peace, advances the country in terms of technology, unites the countries involved and enlightens both countries about their culture and traditions.
Describe Nigeria's economy as Mono-product and 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.
It facilitates peace, advances the country in terms of technology, unites the countries involved and enlightens both countries about their culture and traditions.
Import oriented
problems w immigration import oriented economy lack of infrustructure
advantages of object oriented data base
An economy that does not import or export goods
The import economy of the Spanish colonies was sugar, molasses, and slaves. The export economy was rice, tobacco, and rum.
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.
advantages and disadvantages of market economy
gererate employment
Product oriented marketing as suggested concerns itself more on the product rather than on the customer. Its advantages are usually the quality and value of their products.