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Micronesia has a mixed economy that relies heavily on agriculture, fishing, and tourism, with the latter being a significant source of revenue. The country benefits from financial assistance and grants from the United States under the Compact of Free Association, which also includes provisions for economic development. While subsistence farming and fishing remain vital for local livelihoods, the economy faces challenges such as limited infrastructure and vulnerability to natural disasters. Overall, Micronesia's economy is characterized by a blend of traditional practices and external support.
What else can I help you with?
What kind of currency does Micronesia use?
The currency for Micronesia is the US Dollar (USD).
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The kind of economy that Belgium has is a mixed economy. This is a capitalist economy which has involvement of the government.
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a good economy
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Does Micronesia belong to Micronesia Melanesia or Polynesia?
Micronesia belongs to Micronesia.
