What was the African economics?

Answer 1

African economies are diverse and encompass a wide range of systems, resources, and challenges across the continent. Historically, many African economies relied on agriculture, with subsistence farming being prevalent. In recent years, there has been a shift towards industrialization and the development of sectors like mining, telecommunications, and services. However, many African nations still face issues such as poverty, unemployment, and reliance on exports of raw materials, which can impact economic stability and growth.