The economies of Latin American nations is controlled by a small group of landed elite and foreign investors. Many of the profits do not stay in the country and do not lead to the betterment overall.
Maintaning a favorable balance of trade
i think it is the rice shortage
the problem facing nigeria development
the basic economic problem facing all societies is CHOICE.as we do not have enough resources to satisfy human wants, we find it difficult to choose between two or more choices which leads to opportunity cost.
Shortage of jobs
Maintaning a favorable balance of trade
i think it is the rice shortage
the problem facing nigeria development
India
Unemployment
the basic economic problem facing all societies is CHOICE.as we do not have enough resources to satisfy human wants, we find it difficult to choose between two or more choices which leads to opportunity cost.
Shortage of jobs
Some people sneak in goods from other countries and at the same time export TANZANIA’s products to such countries through the black market. Such trade is detrimental to the economic growth of the country because such traders avoid paying taxes.
presently in Nigeria the problem possed in the economiy is the economic melt down which economic theories has not been able to tasckle.
When facing a problem might be a good time!When facing a problem might be a good time!When facing a problem might be a good time!When facing a problem might be a good time!
The Philippine economy is currently facing the problem of cushioning the effects of the global financial crisis on the productive sectors as well as on the most vulnerable group, the poor.
Developed countries ARE in fact facing the problems of scarcity. Methods to create renewable energy and clean drinking water is a huge industry in all of the developed nations of the world.