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they'll lost he Maracaibo and offshore, meaning a silver mine in Peru

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10y ago

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Why has relying on one crop or resource presented an economic problem for many Latin American nations How have these nations been trying to solve this problem?

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China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy


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highly specialized economy will cause downfall more and less. more rights being opposed and less food for the population


How does dependence on other countries for resources become a problem?

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The biggest problem is the constant civil wars, but the country has an economy that currently mostly consists of cash crops.


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