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Describe Nigeria's economy as Mono-product and import oriented economy
a mono-economy is a economy relying on one major export or natural resource to bring most of the currency into the country.
Negative effects of mono economy to the growth and development of Nigeria
The market economy has many advantages, but it also has its share of disadvantages. Two of the main disadvantages are that this type of economy can be very unstable and it tends to cause a large gap in the distribution of income.
advantages and disadvantages of market economy
Describe Nigeria's economy as Mono-product and import oriented economy
The advantage of having the mono rail is its location, success or failure. The disadvantages of the mono rail are its cost in relations to its sponsors...
a mono-economy is a economy relying on one major export or natural resource to bring most of the currency into the country.
Negative effects of mono economy to the growth and development of Nigeria
An economy that depends primarily on one product.
yes
It refers to an economy, a national economy, which relies almost exclusively on the production and export of a single product
The market economy has many advantages, but it also has its share of disadvantages. Two of the main disadvantages are that this type of economy can be very unstable and it tends to cause a large gap in the distribution of income.
advantages and disadvantages of market economy
The market economy has many advantages, but it also has its share of disadvantages. Two of the main disadvantages are that this type of economy can be very unstable and it tends to cause a large gap in the distribution of income.
it has public ownership
Please give disadvantages concerning csme in the Caribbean economy. natural disasters markets are small