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A single product economy is a system that is based on one saleable item. For instance, the province of Newfoundland depends primarily on fishing for income. If the single market collapses, it can bring disaster.
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What is the problem with a single product economy and what can be done to help?
sauce
What is the definition of underdeveloped economy?
definition of underdevlop economy
What is The single most important measure of the economy's overall economic performance?
Gross Domestic Product (GDP)
How can a single product economy be unstable?
If other business across the world has competition. Written by Darwin who lives in st.croix in Mrs.perez class
What is the difference between mono product economy and import oriented economy?
Describe Nigeria's economy as Mono-product and import oriented economy
What is mono economy?
It refers to an economy, a national economy, which relies almost exclusively on the production and export of a single product
What is the problem with a single product economy and what can be done to help?
sauce
What is the definition for the crop?
One-Crop Economy- An economy that is based on a single crop, such as bananas, sugarcane, or cacao.
Deffine single product economy?
When something is being sold only in that place not anywhere else.
What is the definition of underdeveloped economy?
definition of underdevlop economy
What is The single most important measure of the economy's overall economic performance?
Gross Domestic Product (GDP)
What is the best word that matches the definition a product of only prime numbers?
There is no single word to describe it. The best phraseis "a prime decomposition" of the product.
What is the difference between mono product economy and import oriented economy?
Describe Nigeria's economy as Mono-product and import oriented economy
What is the definition of product usage?
The definition of product usage is how a consumer uses a certain product. This is done by testing a product.
How can a single product economy be unstable?
If other business across the world has competition. Written by Darwin who lives in st.croix in Mrs.perez class
What is a single product economy?
Some countries have only one significant product that they export, one famous case being a "banana republic" which exports only bananas (Honduras, for example).
What is a single economy?
single economy is such a markt where only one saler and one buyer.
