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Africa is basically an exporter of Natural Resources, mainly due to its history of colonization. But the post-colonial regimes in many countries have been unstable or corrupt, preventing the necessary capitalization and reinvestment of their incomes. The burgeoning population in many countries has produced severe domestic shortages of food and consumer goods, and further taxes the limited governmental resources.
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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 major problem with Africa having an export economy?
It makes the economy of Africa less stable.
What are the two basic activities undertaken in any economy?
two basic activities undertaken in an economy
How does each type of economy answer the three basic questions?
market economy
What is a major problem in Africa's export economy?
None. Africa is a continent and does not have an overall economy. Individual countries in Africa have their own strengths and weaknesses as far as exporting is concerned.
Is South Africa a market or government economy?
South Africa has a market economy.
What is a major problem with Africa having an export economy?
It makes the economy of Africa less stable.
Who has the larger economy South Africa or Zambia?
South Africa has a far larger economy.
Which countries has the largest economy South Africa or Zambia?
South Africa has a far larger economy
What is major problem with Africa having an export economy?
It makes the economy of Africa less stable.
Which economy is strong in North Africa?
Egyptian economy and Libyan economy.
What are the two basic activities undertaken in any economy?
two basic activities undertaken in an economy
What is Africa's type of economy?
Africa as a whole is a continent that comprises of many countries. But the sugested economy practice by most africans is a socialist economy.
What has the most developed economy in Africa?
South Africa
What type of economic systems do South Africa and Nigeria have?
South Africa - Traditional economy Nigeria - Mixed economy
Which country has the best economy in Africa?
South Africa by far.
What are the features of africa colonial economy?
The features of Africa colonial economy is that most of the countries inherited the structures from the colonialists.
