One advantage of exporting is the market risk diversification. As a company's manufacturing increases, economics of scale can help competitiveness of exporters in domestic and foreign markets.
a mono-economy is a economy relying on one major export or natural resource to bring most of the currency into the country.
decrease budget by relying on weapons, not manpower.
Acquiring fuels from abroad can pose a national security risk.
it was relying on the indian slave trade and plantations like rice and tobacco and indigo and cotton.
The Canadian economy shadows the American economy but to a lesser degree. Due to Canada relying on American imports and exports there was a large change in cross-border cash flow which affected the Canadian economy. There are items such as the housing market which are far stronger in Canada.
A dictatorship is the type of government that typically remains in control by utilizing the military and the police. A representative democracy is the opposite of a dictatorship.
In a traditional economy, food production is typically based on subsistence farming, where families cultivate crops and raise livestock primarily for their own consumption rather than for sale. Agricultural practices are often passed down through generations, relying on methods that are adapted to local environmental conditions. Communities may also engage in hunting, gathering, and fishing, utilizing natural resources sustainably. Trade among community members can occur, but it usually focuses on exchanging surplus goods rather than participating in a market economy.
If/when the crop fails, they won't have any other things to sell or trade to support their economy.
Is their insured property being used in business more than personally?
When the body is relying on internal energy reserves to meet its energy demands, it is in a state of fasting or utilizing stored energy sources, such as glycogen stores or body fat, for fuel. This can occur during periods of low food intake or extended physical activity.
The North and South had very different economies. The North relied on factories to make goods that they could sell or trade in their economy while the South's economy was mostly agricultural, relying mostly on cotton. -those other answers were wrong