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Q: What Advances in which technology would have the greatest impact on Nigeria's economy?
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How does importation devalues the Nigeria's economy?

it devalues nigerias economy because 50% of goods in nigeria are imported


What effect did advances in technology in the mid-1800s have on the economy of the Midwest?

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What are the Advantages of import oriented economy?

It facilitates peace, advances the country in terms of technology, unites the countries involved and enlightens both countries about their culture and traditions.


What are the advantages of an import oriented economy?

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What would the national economic development authority director do to solve the unfavorable balance of payments?

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How have innovations in communication technology favored a global economy?

Technological advances have increased the potential for the transportation of goods and individuals globally. This reality encourages a global market approach to business


Does advanced technology contribute to your economy?

Yes. As a nation acquires more advanced technology, its manufacturing becomes more efficient, allowing for many of its citizens to enjoy shorter work hours and thus giving them more leisure time in which to spend their money. However, advances in technology can also lead to the mechanization of the workforce and cause people to lose their jobs, so technology can affect an economy both positively and negatively.


How did science and technology produce innovative machines?

With advances in science and technology people were able to find ways to make machinery more effective and more economy friendly. Because of these two factors people could create more and more machines which boosted the economy, which therefore funded research for even more effective machines, and on and on.


What is the nature of Nigerias economy?

The nature of the economy in Nigeria is mixed and also defined as an emerging market. Nigeria's economy is experiencing increasing growth with a 7 percent increase in 2013.


How does modern technology affect your economy nowadays in the Philippines?

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