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One-resource economies are dependent on the income of usually one export commodity such as tropical fruit, oil or some other natural resource.
In Latin America, such countries include Venezuela (oil), Suriname (aluminum), Dominica (bananas), French Guiana (seafood) and Saint Vincent and the Grenadines (bananas).
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What country in Latin America has the best economy?
Brazil
What country has the worst economy in latin America?
probably Ecuador
What is Mexicos Economy in Latin America?
It is the second largest economy after Brazil, and roughly represents 25% of the region's GDP.
What are some countries with market economy?
There are not many Market Economy countries, but the United States is rumored to be one. :)
List major components of the colonial economy of latin America?
Mining, Agriculture, and Shipping
What country in Latin America has the best economy?
Brazil
Does most of Latin America have a market economy?
yes
Who has the largest economy in latin america?
Brazil does (2.1 trillion)
What country has the worst economy in latin America?
probably Ecuador
Why did latin America have little influence on the world economy between 1492 and 1845?
Because they were counted as part of the European economy. At the time, Latin America was a colony of the Spanish, French and Portuguese empires.
What country made most of their money in Latin America?
Brazil is the largest economy in Latin America, in terms of volume (US$2.09 trillion)
How can how can the weather affect the economy in Latin America?
They are mostly a farming economy and if the weather is bad it effects the plants.
Which statement best describes the economy in Latin America during the colonial times?
European nations practiced a mercantilistic system in latin America
What is Mexicos Economy in Latin America?
It is the second largest economy after Brazil, and roughly represents 25% of the region's GDP.
Does Bolivia have a strong or weak economy?
Bolivia is the poorest country in Latin America
What are some countries with market economy?
There are not many Market Economy countries, but the United States is rumored to be one. :)
Does Latin America and Canada have anything the same about the economy?
Yes. They both use currency.
