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Why it is important for an area to have a diverse economy with many different types of products?
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What does diverse economy mean?
A diverse economy is an economy based on more than one thing. So there is a great deal of diversity as far as products , goods and services as well as vendors.
In a market economy why do firms usually offer a variety of products and types of products for sale?
Different people like different things...
What is an important characteristic of a postindustrial economy?
The focus is on ideas instead of physical products.
Who developed hundreds of applications for farm products important to the economy of the south?
Swagtown usa
Describe labor specialization?
Labor specialization led to a diverse West African economy. How?? I need a reason why.
What is a diverse economy?
A diverse economy contains a variety of sources of revenue.
What does diverse economy mean?
A diverse economy is an economy based on more than one thing. So there is a great deal of diversity as far as products , goods and services as well as vendors.
In a market economy why do firms usually offer a variety of products and types of products for sale?
Different people like different things...
What is an important characteristic of a postindustrial economy?
The focus is on ideas instead of physical products.
Is Canada's economy diverse?
Yup!
Who developed hundreds of applications for farm products important to the economy of the south?
Swagtown usa
Is a market economy the same as a command economy?
No, a command economy is where the central govt. controls everything. A market economy is where the govt. trades, buys, and sells products from different countries.
Importance of entrepreneur?
Entrepreneur is important as it serves as the key driver to a healthy economy. Entrepreneurship is the fuel for the growth of the economy and creating new products and services.
Describe labor specialization?
Labor specialization led to a diverse West African economy. How?? I need a reason why.
Which person developed hundreds of applications for farm products important to the economy of the south?
George Washington Carver
What term applies to a country in which the economy is primarily based on diverse industries?
The term that applies to a country in which the economy is primarily based in diverse industries is called a market based economy. This means that people of that country buy diverse things there, such as gifts, or fresh food, and don't depend on one industry.
Why were the colonies so important to a mercantilist economy?
Colonies were important in the mercantile economic systems because they were markets in which to buy products from the home country.
