Why one-resource economy is a problem?

Answer 1

A one-resource economy is a country which relies on the exportation of a single resource such as in many African colonies when they gained independence. Examples of their one-resource economies are relying on oil, corn or sugar, etc. The problems which arise from this are that the country must rely on the resources they need being available. Many countries relying on oil are expected to collapse when the oil runs out as they only have one-resource economies. One-resource economies are also more easily devastated by other countries refusing to trade with them or by natural disastors.

Answer 2

All i know is that if the demand for that crop goes down, the farmer loses a lot of the money he needs. Also if he has a family they could struggle to keep their houses. Hope it helped!!!!!!

Answer 3

pudranse babosos: translate fock you stupids