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How does geography affect the economy of a country?
Geography affects the economy of a country directly. There are some where businesses cannot be set up due to the landforms like mountains or lakes. However, these also serve as tourist attraction sites which still generates revenue.
How did geography affect Egypt's economy?
The geography of Egypt, particularly the Nile River, played a crucial role in shaping the country's economy. The Nile provided fertile land for agriculture, which was the foundation of the Egyptian economy. The predictable flooding of the Nile allowed for successful farming and surplus production, leading to economic prosperity through trade and export of goods. Additionally, the desert geography acted as a natural barrier, providing protection from invasions and allowing the economy to thrive.
Economy dominated by petroleum has the largest oil reserves in the Western Hemisphere?
Venezuela has the largest oil reserves in the Western Hemisphere and its economy is heavily reliant on petroleum exports. However, political and economic challenges have hindered the country's ability to fully leverage its oil wealth for development.
How does the physical geography affect Canada and the US economy?
Physical geography influences the economies of Canada and the US through factors like natural resources, climate, and transportation. For example, Canada's vast forests and mineral deposits contribute to its resource-based economy, while the US benefits from diverse landscapes that support agriculture and industries. Geography also plays a role in determining trade routes, access to markets, and the cost of transportation, which all impact economic activities in both countries.
What country was once a Spanish colony and is one of the major exporters of oil in the western hemisphere?
Venezuela was once a Spanish colony and is one of the major exporters of oil in the western hemisphere. Its economy is heavily reliant on oil exports.
How did the geography affect the economy of the middle colonies?
The affect that geography had on the economy of the middle Colonies was to help the economy. Farming was the main source of the economy and the fertile soil, and Natural Resources aided the Middle Colonies economy.
How geography affect life and the economy in the southern colonies?
of plantation
What does Venezuela's economy rely on heavenly?
venezuela's economy relys heavenly on oil
What type of economy does Venezuela?
Venezuela has a more communist than capital economy.
What kind economy does Venezuela?
Market Economy.
Why does Venezuela have so much oil?
Oil is important to Venezuela, because it is most of Venezuela's economy.
How did geography affect life and the economy in the deep south?
too cold, changed alot. effected more people!
How did giography affect the economy?
Geography has affected imports and exports, if objects are exported overseas then they are subject to different taxes.
What Venezuela economy?
Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....
What is Venezuela's economy?
Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....
What type of an economic system is Venezuela?
Venezuela has a more communist than capital economy.
What does venezuelas economy rely on?
Venezuela's economy relys heavenly on oil
