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All of them do; however in terms of revenue from exports, oil is the most important among them.
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What is New Mexico's economy based on?
Mexico's economy is largely based on Industry.
Compare the three economy questions to command economy market economy and traditional economy?
traditional economy: resources are allocated based on custom and traditionmixed economy:resources are allcoated based on mixed informtion given.command economy: resources are allocated by the government or other central authoritymarket economy: resources are allocated by individualsCommusim
What are the effects of abundant resources on country's economy?
It stimulates the economy
What are the effects of abundant resources on a country's economy?
It stimulates the economy
Who controls natural resources in a command economy?
Those that have the resources
How has Mexico's economy changed over the recent years?
Mexico got new resources and got allies
How do resources influence cooperation and interdependance?
Mexico has welcomed foreign investment to help its economy grow.
What is New Mexico's economy based on?
Mexico's economy is largely based on Industry.
Who is the Secretary of Economy for Mexico?
Ildefonso Guajardo Villareal is the Secretary of Economy for Mexico.
How the natural resources and climate of mexico have helped to contribute to the level of development?
Natural resources and climate don't correlate with level of development. For example, Brazil in South America is five times the size of Mexico with plenty of agricultural and mineral resources; yet, it is in worse shape -- e.g. less development -- than Mexico. On the other hand, Japan which is the third largest economy in the world, has a colder climate and fewer resources than Mexico but has one of the highest living standards in the world.
How do these resources affect the economy in Newfoundland?
What resources
Compare the three economy questions to command economy market economy and traditional economy?
traditional economy: resources are allocated based on custom and traditionmixed economy:resources are allcoated based on mixed informtion given.command economy: resources are allocated by the government or other central authoritymarket economy: resources are allocated by individualsCommusim
Who controls resources in a command economy?
Those that have the resources
How are Canada's resources important to the country's economy?
Canada's economy based on the industries associated whit these resources
Why is Mexico wealthier than Honduras?
Because Mexico has more natural resources, better combination of climates for agriculture - including export crops - and though it is often viewed as a blessing as well as a curse, Mexico is closer to the United States. This means Mexico has more access to the largest economy in the world.
What are the effects of abundant resources on country's economy?
It stimulates the economy
What are the effects of abundant resources on a country's economy?
It stimulates the economy
