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What causes a command economy to stagnate or decline?
the leader making a mistake which then affects the whole country in a negative way.
Why does each country have to develop an economic system?
Countries have to develop economic systems to provide the framework for people inside of the countries to have a means of making money and sustaining their livelihoods.
When was Making Our Economy Right created?
Making Our Economy Right was created in 1991.
What are the roles of enterpreneurs in Nigerian economy?
The entrepreneurship economy in Nigeria is a large part of its development strategy. Oil As Nigeria has an economy built on the trade of oil, the entrepreneurship economy has now become a part of the economy that the country is looking to develop to therefore increase its wealth. This is because the price that Nigeria sells its oil can not compete with the prices from places in the middle east and the country does not have the greatest international relationships. Growth As the country's economy continues to grow, the entrepreneurship economy has become stronger. Making big money from the smaller industries and changing the face of industry in Nigeria is one of its main tasks. It is done by creating other opportunities that can help to develop the country so that the model is sustainable without oil. This dependence on natural resources does not help the economy boom and creating industry that does is vital. International relations International relations have been poor in Nigeria. These are now getting better and there are many more countries across the globe that are willing to trade with Nigeria than there were a decade or so ago. This has started to boost the economy but with no major shift in industry, oil has let the economy down more than international relations. Mechanics There are many universities in Nigeria that specialize in mechanics. One of the major industries in the entrepreneurship economy is mechanics. This helps to develop the country as there are roles for unskilled workers as well as scientists, mathematicians and entrepreneurs. This rise in mechanics has seen many students from Nigeria study in different parts of the world for their mechanical engineering qualifications and also, more recently, people from western countries studying in Nigeria. This is because it costs less and the courses that can be taken are at the same standard as those in the USA and Europe.
Is Algeria the richest country in Africa?
Algeria is not the richest country in Africa; it is, however, one of the continent's wealthier nations due to its significant natural gas and oil reserves. The wealth of African countries can be measured in various ways, including GDP, natural resources, and per capita income. Nigeria, for instance, has a larger GDP, making it the largest economy in Africa. Overall, while Algeria has considerable resources, it is not the richest when considering all metrics.
What factors have contributed to making the richest country in the history of the world so financially successful?
The richest country in the world has achieved financial success due to factors such as a strong economy, innovation, technological advancements, a skilled workforce, natural resources, trade agreements, and a stable political system.
How does Barack Obama propose to stimulate the economy?
by making a bigger budget for the U.S to live under and provide more green resources.
How did Fiji become a country?
Mexico made it and the rebeled against Mexico and they sold marijuana to ,ake thei rown economy making them a stable country.
What is third richest country in water resources?
Canada is considered to be the third richest country in water resources, with its vast network of lakes, rivers, and fresh water sources. The country possesses approximately 20% of the world's fresh water, making it a key player in global water resources.
What causes a command economy to stagnate or decline?
the leader making a mistake which then affects the whole country in a negative way.
Compare the leadership or Jefferson when it come to decision making that huurts the country to that of george W Bush think about the decisions that was made that hurt the American economy?
comparethe leadership of Jefferson when it come to deceison making that huurts the country to that of george w.bush. think about the deceison that was made that hurt the American economy
Why does each country have to develop an economic system?
Countries have to develop economic systems to provide the framework for people inside of the countries to have a means of making money and sustaining their livelihoods.
Describe how one Latin American country is diversifying its economy?
Brazil is diversifying is economy by making machinery, steel, and chemicals and encouraging cotton farming to support a weaving industry.
When was Making Our Economy Right created?
Making Our Economy Right was created in 1991.
How is health and education important for the development of the nation?
Health and Education is important for the development of the Nation such that first, Health is the state of being of the people making up the nation. If they are healthy then the nation is healthy and will be able to do work to uplift the economy and develop the country. Second, Education enables the people of the nation to gain knowledge and skills to be able to do the job, make or construct infrastructure, put food on the table, think of innovative ideas to uplift the economy of the nation and ultimately gain the needed things to develop the nation.
What is the budget of Making Our Economy Right?
The budget of Making Our Economy Right is 3,000 dollars.
Why are siberia's mineral resources important?
Siberia's mineral resources are important because they play a significant role in the global economy due to the region's vast reserves of natural resources like oil, gas, coal, and metals. These resources are crucial for industries such as energy, manufacturing, and construction, making them essential for economic development and job creation in the region and beyond. Additionally, Siberia's minerals are strategic assets that contribute to geopolitical dynamics and influence international relations.
