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It is good for the entire state that different kinds of industries were growing. This kind of diversification makes the state economy stronger. With many industries and many different products, the state can still prosper, even if there is a drop in the demand for one product.
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What is a diversified economy?
A diversified economy is one that is based on more than one thing. It's based on manufacturing, agriculture, trade, etc. rather than just one of those things. A diversified economy is a economy that focuses on more than one thing like Canada that it doesnt focus only on mining it focuses on other stuff too. The opposite of diversified economy would be Kuwait since the economy is highly depended on oil production.
Which North African country has the most diversified economy?
egypt
What is the antonym of single product economy?
The antonym of a single product economy is a diversified economy. While a single product economy relies heavily on one primary product or industry for revenue and growth, a diversified economy encompasses multiple sectors and industries, reducing dependency on any single source. This diversification can enhance stability and resilience against market fluctuations.
How is Italy a mixed Economy?
The economy in Italy is one that has diversified over the years, placing 7th of the largest economies in the world. Italy transitioned from its agriculturally-based foundation to that of industrial with major industries like manufacturing
What word best describes the economy of the oil-producing states after the sharp decline of oil prices in the 1980's?
Diversified - Novanet :) Fu***** cheater!
How did the the New England colonies end up on the 17th century?
They had a diversified economy.
What is a diversified economy?
A diversified economy is one that is based on more than one thing. It's based on manufacturing, agriculture, trade, etc. rather than just one of those things. A diversified economy is a economy that focuses on more than one thing like Canada that it doesnt focus only on mining it focuses on other stuff too. The opposite of diversified economy would be Kuwait since the economy is highly depended on oil production.
Which of these statements is true with regard to Syria's economy?
Syria has a diversified socialist economy.
Which North African country has the most diversified economy?
egypt
What could New England's economy be characterized as in the eighteenth century?
a diversified worldwide commercial economy.
What country in the eastern mediterranean has the most diverse economy?
Israel is the Eastern Mediterranean country that has the most diversified economy. Israel has a market economy, and in 2014, its GDP was $286.840 billion.
What was not a feature of the diversified economy of the New England colonies?
tobacco harvesting.
What was not a feature of the diversified economy of the New England coloni?
tobacco harvesting.
What is the economy of Ontario?
It is a rather rich and diversified economy. But, it hundred millions dollars in debt. It is also the biggest economy in Canada, double Quebec who follows in second.
What is the antonym of single product economy?
The antonym of a single product economy is a diversified economy. While a single product economy relies heavily on one primary product or industry for revenue and growth, a diversified economy encompasses multiple sectors and industries, reducing dependency on any single source. This diversification can enhance stability and resilience against market fluctuations.
What type of economy is Jordan?
The Kingdom of Jordan has a well diversified economy. The Worls Bank considers it an "upper middle income" country.
What country of Southwest Asia or North Africa has the most diversified economy and is not reliant on oil?
Israel
