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Why is it important to diversify your economy?
An economy based on only one market is an invitation to disaster. If that market fails, the entire economy fails. With diversification, an economy can survive a failed market.
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!!!!
What type of economy does the United States have?
The economy of the United States is a mixed economy.
United States is what type of economy?
A mixed-market economy.
Why are African countries diversify their economies?
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.
What has Venezuela done to diversify their economy?
planted more crops.
What is a good sentence with the word diversify?
when you want to diversify in a game you would spead out
Why does Brunei need to diversify its economy?
to make people get jobs against farming
Why is it important to diversify your economy?
An economy based on only one market is an invitation to disaster. If that market fails, the entire economy fails. With diversification, an economy can survive a failed market.
Why does an economy need surplus food in order to diversify?
to allow people to do other work besides farming.
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!!!!
What problem will Venezuela face if the country does not diversify its economy?
they'll lost he Maracaibo and offshore, meaning a silver mine in Peru
Why are city states in Italy a good thing?
Because they had not expanded their economy outside their country, they created an internal economy because all of the city-states had a separate "specialty".
How do you use diversify?
You use "diversify" as a verb.
Mergers are beneficial for the us economy?
Some mergers are beneficial to the United States economy. However, when a merger reduces the amount of competition in an industry it isn't good for the economy.
What type of economy does the United States have?
The economy of the United States is a mixed economy.
When Ronald Reagan was elected how was the United States economy?
Not as good as after he had been there for 8 years.
