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Countries that rely heavily on primary products often include those rich in Natural Resources, such as Venezuela (oil), Nigeria (oil and gas), and many nations in sub-Saharan Africa like Zambia (copper) and Botswana (diamonds). Additionally, agricultural-based economies like Ethiopia and Brazil depend significantly on primary products like coffee and soybeans, respectively. These countries often face economic challenges due to fluctuations in global commodity prices and may struggle to diversify their economies.

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8mo ago

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