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Why is it that most African countries adopt mixed economic system?
all countries have mixed economies
Do many African nations today have specialized economies?
Yes.75% of African countries have specialized economies today - they depend on exporting one or two products.
Most African economies are based on what?
Most African economies are based on agriculture, which employs a significant portion of the population and includes subsistence farming as well as cash crops for export. Additionally, many countries depend on natural resources, such as oil, minerals, and precious metals, which contribute to their GDP. In recent years, there has been a growing emphasis on diversifying economies by investing in sectors like technology and tourism to promote sustainable growth. However, challenges such as infrastructure deficits and political instability continue to impact economic development across the continent.
How do you think the countries of North African can improve their economies?
North African countries can improve their economies by diversifying their economic activities beyond oil and gas, focusing on sectors like renewable energy, tourism, and agriculture. Investing in education and vocational training can enhance workforce skills, promoting innovation and entrepreneurship. Strengthening regional trade partnerships and improving infrastructure will facilitate economic integration and attract foreign investment. Additionally, implementing transparent governance and reducing bureaucratic hurdles can create a more conducive environment for business growth.
How did the Scramble for Africa affect African countries even after European imperialism in the region had ended?
It created lasting political and economic instability in African countries.
How did the Scramble for Africa affect african countries even after European imperialism in the region had ended APEX?
It left many African countries with the foundation to build modern economies.
What are African countries doing in order to depend less on the sale of one export?
diversify their economies
What happens to the economies of many countries om north africa when oil and natural gas prices are low?
When oil and natural gas prices are low, the economies of North African countries suffer.
Why are African countries diversify their economies?
African countries are finding that a diversified economy helps weather the highs and lows. It also helps in the case of crop failures from disease or bad weather.
Why were cash economies introduced by the European unsuitable for African countries?
because these people couldnt do anything right
In After gaining independence what was a major factor that prevented many African countries from having strong economies?
African goods were subject to falling prices on the world market.-----nova net biatch.
When was Journal of African Economies created?
Journal of African Economies was created in 1992.
