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At present, the African economy is based on commodities and raw materials. Components of its economy include industry, agriculture, and trade.
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What was the economy of french and dutch colonists based on?
The economy of French and Dutch colonist was based on an agricultural economy based on African slavery
Why is it important to diversify your economy?
An economy based on only one market is an invitation to disaster. If that market fails, the entire economy fails. With diversification, an economy can survive a failed market.
What countries have a custom based economy?
A custom based economy refers to an economy whereby the goods and services that have value are given without any form of agreement. This is done for a reward in future or at the moment. At the moment China is practicing this with some African countries.
Whats called when the government controls the entire economy?
When the government controls the entire economy, it is called a centrally planned economy.
When was Review of African Political Economy created?
Review of African Political Economy was created in 1974.
Southern colonies developed an economy based on what?
The South's economy was based on Farming. They used African American Slaves to do the work. There were few factories, unlike the North who had an industrial economy.
What is a Industrial based economy?
an economy based on industry
How Gold affect the south african economy?
Gold affects the South African economy in a wide variety of ways. The South African economy is not doing well and is not very prosperous. The abundance of gold greatly improves the economy.
Why the African economy and the Caribbean economy has a fictitious development policy?
the caribbean the african economies can be described as one.discuss
What is the economy of Khashaat based on?
The economy of Khashaat is based on herding.
What was the Northern economy was based on?
northern economy was based on manufacturing
What is Iowa's economy based on?
Iowa's economy is based on Agriculture.
