because it exports one of the most expensive metals in the world- Gold
what does LEDC stand for?Less economy developed country
yes
It is listed under Less Developed Countries at the Related Link below.
economic dependence :)
What type of economic system does Cameroon, Africa have? (traditional, command, market, or mixed)
I think that its low because the country is not fully developed.
The two methods that a less developed country can use to finance its economic development include borrowing from the World Bank, and agriculture. One method less developed countries can use to finance economic development is internal financing. Another method is foreign investment.
left-wing economic ideas, poorly developed. At least in Argentina
Douala is the largest city in Cameroon. Yaoundé is the capital of Cameroon.
There two methods that less developed country can use to finance its economic development. The two are borrowing from other countries and collecting taxes from citizens.
it depends on whether they are in a more economic developed country (MEDC) or a less economic developed country (LEDC)
Cameroon is classified as a Less Economically Developed Country (LEDC). It faces challenges such as poverty, inadequate infrastructure, and limited access to education and healthcare. While it has a diverse economy, including agriculture and natural resources, its development indicators suggest it has not reached the status of a More Economically Developed Country (MEDC).