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How do South Korea's limited resources affect its economy?

Becauase


How do South Korea's limited resources affect it economy?

Becauase


Why do nations trade globally?

Nations trade globally due to limited resources. Basically, the same reason as to why we as individuals trade our leisure hours for labor hours, so we can make money and buy our necessities. Similarly, countries trade their resources for other resources that they need. For example, Saudi Arabia has oil that China needs and China has food stuff that Saudi Arabia needs. Limited resources


What three ways do limited resources affect a society production of good and services?

ncus


What are some resources Phoenician people did not have?

They had limited land, and with a rising population to support, they turned to trade.


Why conserving scarce resources affects how quickly they are used up?

they affect it because when you conserve the resources your limiting them then that means their wants are limited (KeshaS)


What two ways did the ming emperors affect trade and other contacts with overseas countries?

The Ming dynasty created and expanded trade networks across Asia.


Reasons why countries trade?

Countries trade in order to maximize their products and production. By specializing in only some of their products a country can use the limited resources in the world more efficiently!


How does the location climate and natural resources affect where people live and trade?

The location makes it hard to get to. The climate makes hard to grow plants and crops, but they still have forests. Their natural resources actually help them to exstinguish this problem


How did trade affect European navigation?

how did trade affect european navigation they affect because Asia affect


Why does every decision involve trade offs?

because everyone has to make sacrifices


Why did ancient Greek colonies trade?

With limited land the needed to augment their local resources, and for variety of products - foodstuffs, minerals, manufactures, artworks.