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How can oil improve a country?

it can improve a country economically as it is a fossil fuel and soon enough oil will run out and other countries will start bargaining for it meaning the country can sell it for a high price


What is a way that interregional connections have affected cultural or economical development?

MIddle Eastern countries became eonomically dependent on ohter countries.apex:)Christianity and Islam spread far from where they were foundedmiddle eastern countries became economically dependent on other countries.


Is it true countries interact with each other through the process of trade?

Yes, countries interact with each other through trade, which involves the exchange of goods and services across international borders. This interaction fosters economic relationships, promotes cultural exchange, and can lead to diplomatic ties. Trade agreements and tariffs also play a significant role in shaping these interactions, influencing how countries engage economically. Overall, trade is a fundamental aspect of globalization and international relations.


What are the causes and consequences of Latin America's economically dependent status?

They depend on selling to other countries and their exports


How the global fashion industry has made countries interdependent?

as you know there are two names for a country, it is either LEDC or MEDC LEDC=less economically developed country ( mexico,india, brazil, africa ) MEDC=more economically developed country (england, n.america, france ) and when it ccomes to fashion or trade or genral "globalisation" the countries rely on each other for goods. FASHION INDUSTRY- they rely on the low prices of raw material and cheap labour prices. (sweat shops ) FOOD INDUSTRY-they rely on shipping, and food prices around the world.

Related Questions

Is Bangladesh medc or ledc?

Bangladesh is LEDC because it is less economically developed country to other countries


What is meant by MEDC?

A more economically developed country is an MEDC, countries like the United Kingdom and Canada. They are more developed, they have better water supply, better education and so on.. compared to other countries like Pakistan, Kenya and some other countries.


Is Brazil an MEDC or an LEDC or an NIC?

yes Brazil is a LEDC country (LESS ECONOMICALLY DEVELOPED COUNTRY) yes Brazil is a LEDC country (LESS ECONOMICALLY DEVELOPED COUNTRY) yes Brazil is a LEDC country (LESS ECONOMICALLY DEVELOPED COUNTRY) yes Brazil is a LEDC country (LESS ECONOMICALLY DEVELOPED COUNTRY)


Why is zambabwe poor?

I am doing a project about a country is Africa and that is zimbabwe. Zimbabwe is the country less developed economically than other countries because they have lots of problems.


How can oil improve a country?

it can improve a country economically as it is a fossil fuel and soon enough oil will run out and other countries will start bargaining for it meaning the country can sell it for a high price


What does LEDC mean in geography?

LEDC stands for Less Economically Developed Country. It is a term used in geography to describe countries with low levels of industrialization, income per capita, and standards of living. These countries often face challenges such as poverty, inadequate infrastructure, and limited access to healthcare and education.


Is Argentina a MEDC or a LEDC?

Argentina is considered a middle-income country, which places it between the categories of more economically developed countries (MEDCs) and less economically developed countries (LEDCs). It has a relatively high level of development compared to many other countries but still faces economic challenges.


A policy in which a strong nation seeks to dominate other countries politically economically or socially is known as?

Imperialism is a policy in which a strong nation seeks to dominate other countries politically economically or socially.


What countries interact with Ireland?

Countries all around the world interact with Ireland. Ireland is a member of many international organisations, has diplomatic relations with countries around the world, has Irish citizens living in them and there are other connections. So depending on the interpretation of interact, Ireland interacts with practically every country in some way or another.


What are regions that interact with each other called?

Regions that interact with each other are often referred to as interconnected or interdependent regions. These regions have relationships and connections that impact each other economically, culturally, and socially.


With how many nation-states do powerful countries interact with today?

Powerful countries interact with many other countries; that is the nature of international politics.


What is a medc?

MEDC stands for More Economically Developed Country/Countries Some examples are UK, USA, Canada, Japan, France, Australia, New Zealand The opposite is LEDC which stands for Less Economically Developed Country/Countries Some examples are Egypt, Mali, Haiti, Ghana, Ukraine, Libya, Taiwan, Vietnam Hope this helped :)