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What else can I help you with?
What drives the economy of Brunei?
The main driver of Brunei's economy is oil and gas.
Why is it good for a state's economy to diversify?
its not.
Why does an economy need surplus food in order to diversify?
to allow people to do other work besides farming.
What are some the economic activities in Brunei?
Brunei's economy is largely driven by its abundant oil and natural gas reserves, which account for a significant portion of its GDP and government revenue. The country also engages in activities such as agriculture, forestry, and fishing, although these sectors are less dominant compared to the energy sector. Additionally, Brunei has been making efforts to diversify its economy by investing in tourism, financial services, and information technology. The government promotes economic diversification to reduce reliance on hydrocarbons and enhance sustainable growth.
What has Venezuela done to diversify their economy?
planted more crops.
Is Brunei a developed or developing or a country with economy in transition?
Brunei is a developed country. It has a Human Development Index at 0.919, and is also classified according to the World Bank as a high income economy.
Does Brunei have a traditional economy?
Brunei does not have a traditional economy; instead, it has a highly developed and wealth-driven economy primarily based on oil and gas production. The country relies on its extensive natural resources, which account for a significant portion of its GDP and government revenue. While there are elements of traditional practices in Brunei's culture, the economy is largely modern and industrialized, with minimal agricultural activity compared to its energy sector.
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.
Is Brunei a developed or undeveloped country?
Brunei is considered a developed country. It has a high standard of living, advanced infrastructure, and a well-developed economy primarily driven by oil and gas resources.
Why are African nation trying to diversify their economy?
The African Nation is trying to diversify their economies because A country with a diverse economy will not be hurt as much if a major cash crop fails or if world prices for one of it's major mineral exports suddenly drops. THAT'S THE REAL ANSWER!!!!
Distance between Brunei and New Zealand?
I don't know exactly, but you need to pass Australia, and Indonesia to get to Brunei
What problem will Venezuela face if the country does not diversify its economy?
they'll lost he Maracaibo and offshore, meaning a silver mine in Peru
