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What region or group has a large economy but is based on exporting raw materials?
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∙ 12y ago
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Which region or group has a large economy but it is based on exporting materials?
Sierra Leone and Tanzania
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.
Is an economy that is based on mining or producing raw materials to be used in foreign industries called an extractive economy?
Yes, it is called an extractive economy
What best describes the economy of Africa?
Unstable and dependent on selling raw materials
Is the economies of latin American nations have been based largely upon exporting raw materials and importing finished goods making them dependent upon economic success is true or false?
True
Which region or group has a large economy but it is based on exporting materials?
Sierra Leone and Tanzania
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 is the entire african economy based on?
At present, the African economy is based on commodities and raw materials. Components of its economy include industry, agriculture, and trade.
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 are the advantages and disadvantages of Nigerian economy?
The advantage of the indigenization program in Nigeria is that oil is a very strong export good, leading to a stronger economy. The disadvantage is that the economy is only based upon one exporting product, and should that product not sell, the economy will get weaker.
Is an economy that is based on mining or producing raw materials to be used in foreign industries called an extractive economy?
Yes, it is called an extractive economy
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.
What describes Africa's economy?
Export based Unstable Dependent on selling raw materials
What is most of Latin America's economy based on?
Raw materials (oil, gas, copper, silver).
What best describes the economy of Africa?
Unstable and dependent on selling raw materials
