Since the discovery of oil in the Middle East, all of the countries that had the good fortune of finding oil experienced a boom in their economy. A boom in job offers coincided with this as well. The only ill effect, however, was that neighboring countries felt tension.
The presence of these large reserve has made the region important because so many other countries, including the United States, depend on oil.
The discovery of oil affected the economies of the Middle East greatly. Since the world needs so much oil to function as it currently does, the Middle East found itself with a very important and very necessary commodity.
Across the Middle East, oil is a very important part of the economies. It is the major export and there fore is the major etc
oil
Inflation is endemic in a capitalistic society. Different economies (currencies) are affected differently and over time there is no such thing as a safe currency.
Major economies are the states main item. Say like, shipping and fishing are the New England Region major economy.
The discovery of oil affected the economies of the Middle East greatly. Since the world needs so much oil to function as it currently does, the Middle East found itself with a very important and very necessary commodity.
''Southwest Asians'' are affected by ''oil'' by getting too ''much oil. The sell the oil for money ''
A .agriculture is limited B.Trade relatively easy C.most nations are wealthy from oil exports D.mining and gemstone production from a substantial portion of many economies of the region
The discovery of oil affected the economies of the Middle East greatly. Since the world needs so much oil to function as it currently does, the Middle East found itself with a very important and very necessary commodity.
Across the Middle East, oil is a very important part of the economies. It is the major export and there fore is the major etc
oil is there chief commodity
oil
The main source of income in the Middle East region is oil and gas production. Countries in the Middle East possess significant reserves of oil and gas, which they export to generate revenue and drive their economies.
The discovery of petroleum supplies in Southwest Asia transformed the economies of the region by providing a valuable resource for export. This led to increased wealth and power for the nations that controlled these reserves. However, it also created dependency on oil as the primary source of revenue, making the economies vulnerable to fluctuations in global oil prices.
a perceptual region is affected by human perception.
When oil and natural gas prices are low, the economies of North African countries suffer.
It has not significantly or measurably affected any economies to date. However, it could, in the future, make a devastating impact on most of the worlds economies.