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What is mono cultural economy?
An economy that depends primarily on one product.
What is the antonym of single product economy?
The antonym of a single product economy is a diversified economy. While a single product economy relies heavily on one primary product or industry for revenue and growth, a diversified economy encompasses multiple sectors and industries, reducing dependency on any single source. This diversification can enhance stability and resilience against market fluctuations.
One way to measure the economy's size is the Gross Product?
domestic
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.
What economy did Persian ruler Darius base his country on?
He built it on the base of the previous Babylonian Empire one.
Area of a triangle is one half the product of the base and height?
yes
What is the definition for single product economy?
A single product economy is a system that is based on one saleable item. For instance, the province of Newfoundland depends primarily on fishing for income. If the single market collapses, it can bring disaster.
What is net product?
Net National Product is the sum of total final goods produced by an economy in certain time period that is one year ,minus the total capital money incurred for the production of total final goods in an economy for the time period of one year.
What is a single product economy?
Some countries have only one significant product that they export, one famous case being a "banana republic" which exports only bananas (Honduras, for example).
What is one measure of how much value a nation's economy generates compared to the size of its population?
per capita gross domestic product
What is the importance in the economy of business?
A healthy economy will have a strong manufacturing base. This will help to keep many people employed and be a source of exporting the goods and lessen the need for importing certain products. Certain types of domestic manufacturing are also vital for a nation's economy. As an example, aerospace and defense product manufacturing creates a situation where arms and warplanes, as one example, are not dependent upon a foreign source of manufacturing.
What changes in society that affect the market for one company product's product or services?
Here are just a few. * Demographics * Economy * Competition * Local, national, and global markets * Media
