answersLogoWhite

0

Colombia is so called developing country which means that its economy is based on Natural Resources instead of the industry.

User Avatar

Wiki User

8y ago

What else can I help you with?

Continue Learning about Political Science

Which indicator is considered to be most important measure of development?

Gross Domestic Product (GDP) per capita is often considered the most important measure of development as it reflects the average income level of a country's population. However, it is important to consider other indicators such as Human Development Index (HDI) which includes factors like education and health in addition to income.


Where is Venezuela located near?

It's located along the Caribbean, near Colombia, Guyana and the northern part of Brazil.


Who were the first people that settled in Colombia and what were they known for?

The first people to settle in Colombia were likely indigenous tribes such as the Muisca and the Tayrona. They were known for their advancements in agriculture, goldwork, and intricate stone carvings. These early societies had complex social structures and trade networks.


What has happened to the level of employment in the primary sector and why?

The level of employment in the primary sector has decreased due to automation, technology advancement, and a shift towards more mechanized farming practices. Additionally, as economies develop, there is a natural transition towards more service and industry sectors, leading to a decline in primary sector employment.


Is rural development is important for nation development?

Yes, rural development is important for overall national development as it aims to improve the standard of living and quality of life in rural areas. It helps reduce disparities between urban and rural regions, enhances economic opportunities, promotes infrastructure development, and empowers rural communities to contribute effectively to the nation's progress.

Related Questions

When did Ministry of Economic Development - Colombia - end?

Ministry of Economic Development - Colombia - ended in 2002.


When was Ministry of Economic Development - Colombia - created?

Ministry of Economic Development - Colombia - was created in 1968.


What is colombia's lowest elevation?

Colombia's lowest elevation point is located at the Pacific Ocean coastline, which is at sea level.


Which country has the domain code .co?

The Internet top-level domain .co is Colombia in South America. Colombia is telephone country code +57.


how many regions does Columbia have?

Colombia has 32 departments, which are its first-level administrative divisions.


What is Japan's level of development?

japans level of development is the industrail stage. It is a highly developed country.


Which countries are considered economic miracles for their development under heavy governtment regulation in south America?

brazil and colombia


Which capital city lies 8727 feet above sea level in the mountains of Colombia?

Bogota


Where does the last name Restrepo come from?

medelin colombia medelin colombia medelin colombia medelin colombia medelin colombia medelin colombia


Is Colombia a rich or poor country?

Colombia is considered to be a middle-income country, with a diverse economy that includes industries such as agriculture, mining, manufacturing, and services. While there are disparities in wealth distribution and pockets of poverty, Colombia also has a growing middle class and a wealth of natural resources.


Is the World Development A-level worth doing in the UK And do Universities value it as a good subject if its taken with A-level Geography?

Yes, the World Development A-level is worth doing in the UK


What is the elevation of cartagena?

The elevation of Cartagena, Colombia, is approximately 1 meter (3 feet) above sea level.