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African countries are finding that a diversified economy helps weather the highs and lows. It also helps in the case of crop failures from disease or bad weather.
Moriah Grady
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Why are African nation trying to diversify their economy?
The African Nation is trying to diversify their economies because A country with a diverse economy will not be hurt as much if a major cash crop fails or if world prices for one of it's major mineral exports suddenly drops. THAT'S THE REAL ANSWER!!!!
Do many African nations today have specialized economies?
Yes.75% of African countries have specialized economies today - they depend on exporting one or two products.
Why is it that most African countries adopt mixed economic system?
all countries have mixed economies
Why were cash economies introduced by the European unsuitable for African countries?
because these people couldnt do anything right
In After gaining independence what was a major factor that prevented many African countries from having strong economies?
African goods were subject to falling prices on the world market.-----nova net biatch.
What are African countries doing in order to depend less on the sale of one export?
diversify their economies
Why did the Central American countries need to diversify their economies?
Brazil, Bolavia, Peru, Colombia
Why are African nation trying to diversify their economy?
The African Nation is trying to diversify their economies because A country with a diverse economy will not be hurt as much if a major cash crop fails or if world prices for one of it's major mineral exports suddenly drops. THAT'S THE REAL ANSWER!!!!
Why are African countries diversifying there economies?
to add variety to their economy's.
Do many African nations today have specialized economies?
Yes.75% of African countries have specialized economies today - they depend on exporting one or two products.
Why is it that most African countries adopt mixed economic system?
all countries have mixed economies
How did the Scramble for Africa affect African countries even after European imperialism in the region had ended?
It created lasting political and economic instability in African countries.
How did the Scramble for Africa affect african countries even after European imperialism in the region had ended APEX?
It left many African countries with the foundation to build modern economies.
What happens to the economies of many countries om north africa when oil and natural gas prices are low?
When oil and natural gas prices are low, the economies of North African countries suffer.
When was Journal of African Economies created?
Journal of African Economies was created in 1992.
Why were cash economies introduced by the European unsuitable for African countries?
because these people couldnt do anything right
In After gaining independence what was a major factor that prevented many African countries from having strong economies?
African goods were subject to falling prices on the world market.-----nova net biatch.
