Relying on one crop or resource is a problem for anycountry. When the crop fails or the market for the crop or resource declines, the country has nothing else to fall back on for support. The only solution to this problem is the diversify the agriculture or general economy of the country involved.
government
A political problem is a situation which has caused conflict and is related to politics. Such problems will often affect the economy of a country.
venezuela
By stabilizing our own economy the government invested in the country, as well as rescued the economy with tax payers' money, i.e. government bail-outs.
Yes
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
highly specialized economy will cause downfall more and less. more rights being opposed and less food for the population
The countries we are depending on to give us resources will have a benefit to their economy. because of that the country other countries are depending on will be able to boost their economy and get more money
The biggest problem is the constant civil wars, but the country has an economy that currently mostly consists of cash crops.
One of the main economic challenges facing Qatar is its reliance on hydrocarbons, which makes the economy vulnerable to fluctuations in oil and gas prices. This dependence has prompted the government to diversify its economy through initiatives like Qatar National Vision 2030, aiming to develop sectors such as tourism, finance, and technology. Additionally, the country faces high living costs and labor market imbalances, particularly with a large expatriate workforce. Addressing these issues is crucial for sustainable economic growth and stability.
Portugal's major economic problem is debt. We can blame it's government, and especially the Prime minister, Jose Socrates for dumbing down the entire economy and country with a series of ineffective policies.