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Is the economies of latin American nations have been based largely upon exporting raw materials and importing finished goods making them dependent upon economic success is true or false?
Wiki User
∙ 11y ago
True
Wiki User
∙ 11y ago
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Why does a country export more than it imports?
Because exporting means that they are selling their own products which is a profit for them . Amd importing meams they are buying supplies or materials so they would be spending money . They want more export than import
Which region or group has a large economy but it is based on exporting materials?
Sierra Leone and Tanzania
What region or group has a large economy but is based on exporting raw materials?
Sierra Leone and Tanzania
Why do people import raw materials?
Because it is a lot more cheaper than buying them elsewhere; the majority of countries specialise in importing specific raw materials xD
What is one reason the economies of West African countries suffer?
African nations do not have significant technological industries on their continent. They are also limits to their industrial capacity. THey are forced to export raw materials to Europe and America for production which make them economically dependent upon the West. Their economy is very poor.
What Economic system where colony's role was to serve the interests of the mothercountry by exporting raw materials and importing manufactured goods?
mercantilism
What does Japan get for trading?
By exporting manufactured products, Japan makes money. By importing they have materials to manufacture and The most important import goods are raw materials such as oil, foodstuffs and wood.
Why does a country export more than it imports?
Because exporting means that they are selling their own products which is a profit for them . Amd importing meams they are buying supplies or materials so they would be spending money . They want more export than import
What is the cause and effect of importing car materials from foreign manufacturers?
One of the reasons for importing car materials from foreign manufacturers is lower prices. An effect is that it does not create jobs for Americans.
How does importing automotive materials effect the economy?
Automotive materials are supplies relating to motor vehicles. Countries embark on importation to keep business alive between two countries where business men are able to make gains from the trade activities. Many nations control the importation of automobiles to ensure that certain standards are maintained. Importing these materials affect the economy in both positive and negative ways:Positive effects of Importation of Automobile Parts:1. Improved trade relationships between importing and exporting countries2. Capitalizing on the competitive advantage of exporting countries to get cheaper raw materials for further production of targeted end products e.g. completed automobiles.3. The cost of buying cars reduces as imported automotive parts improve the current supply and production of value added automotives.Negative effects of Importation of Automobile Parts:1. Importing more than the required or stipulated volume of automotive parts may add up to the reasons why an economy may suffer a trade deficit. In this case it means that the country's importation value far exceeds its exportation values.2. In countries where the same automotive parts that are imported are also manufactured locally, stiff competition from the uncontrolled importation of these materials may put the indigenes out of business. This immediately affects domestic production and employment.The effects of importing automotive materials depend on the current situation of the particular country. The overall effect may be positive for some while it is negative for others. This is dependent on what happens currently in the economy and the policies that are on ground to balance trade effects.
What is purchasing products or materials in other nations and bringing them into ones country?
importing
Which region or group has a large economy but it is based on exporting materials?
Sierra Leone and Tanzania
What region or group has a large economy but is based on exporting raw materials?
Sierra Leone and Tanzania
What was the purpose and path of the triangular trade?
to get slavery to America to Europe and to take slaves so for the people and they traded the slaves for materials like tabacco,iron,metals,foodstuff,and more. it was a attempt of trade.
Why is it necessary matter recycles?
The purpose is to avoid pollution and to make economies of materials.
Why does japan engage in importing?
Japan has virtually no natural resources so has no choice but to import its raw materials.
How do the Minoan and Mycenaean civilizations differ from the civilization of Mesopotamia?
They needed to export wine, oil and jewelry for food and raw materials.
