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It makes the economy of Africa less stable.
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What is a major problem with Africa having an export economy?
It makes the economy of Africa less stable.
What is a problem caused by having an export economy?
It causes a reliance on world market prices.
What is a problem caused by having export economy?
It causes a reliance on world market prices.
How do you think having many good to export my strengthen and economy?
They might get money when they export it
Did having many goods to export strengthen the economy?
read yor social studies!!
What is a major problem with Africa having an export economy?
It makes the economy of Africa less stable.
What is a problem caused by having an export economy?
It causes a reliance on world market prices.
What is a problem caused by having export economy?
It causes a reliance on world market prices.
How do you think having many good to export my strengthen and economy?
They might get money when they export it
How do you think having many goods export might strengthen the economy?
it wouldn't get to crowded
Did having many goods to export strengthen the economy?
read yor social studies!!
How do you think having many goods to export might strengthen the economy?
it wouldn't get to crowded
What are the main problems with having export economies?
Export economies are problematic because they depend heavily on global stability. If there are any wars that disrupt trade, that economy comes to a halt.
What is a major problem with Africa having and exportbeconomy?
A major problem with Africa relying on an export economy is its vulnerability to global market fluctuations, which can lead to economic instability. Dependence on a limited range of primary commodities often hinders diversification and sustainable development. Additionally, this reliance can perpetuate unequal trade relationships, where African countries receive minimal value from their natural resources, limiting their ability to invest in local industries and infrastructure. As a result, many African nations struggle to achieve long-term economic growth and development.
During the early 1800s what factor most contributed to the south having an agricultural economy?
the south had fertile soil and a warm climate
What is a problem caused by having an export econoomy?
A significant problem with an export-oriented economy is vulnerability to global market fluctuations. When a country relies heavily on exporting specific goods, any downturn in demand or price volatility can lead to economic instability, job losses, and reduced income from exports. Additionally, such economies may neglect domestic development, resulting in insufficient local industries and infrastructure to support sustainable growth. This over-reliance can hinder long-term economic resilience and diversification.
What are the advantages of having mineral deposits in a country?
The more valuable the minerals a country has, the richer it is. The country can export the minerals to other countries. The country can use its own minerals rather than having to import them from other countries. Having mineral deposits in a country can also affect the economy of that country. Mining and processing the minerals creates jobs and a healthy economy.
