Azerbaijan has an economy based on farming. its is a farmacuitical economy.
I think because Baku is the capital and the center of Azerbaijan
Azerbaijan's economy is characterized by its significant oil and gas reserves, which play a crucial role in driving economic growth and attracting foreign investment. The country is part of the Southern Gas Corridor, exporting energy resources to Europe and diversifying its energy supply. In addition to hydrocarbons, Azerbaijan is also investing in sectors such as agriculture, tourism, and information technology to strengthen its economy and reduce dependence on oil revenues. Overall, Azerbaijan's strategic location and resource wealth position it as an important player in the European energy market.
The most promising part of Azerbaijan's economy is the oil and natural gas deposits under the Caspian sea. im sorry its late i searched this cuz it was on my ss hw so i figured id answer it for other people right from my ss book
Azerbaijan is bordered by the Caspian Sea, which is the largest enclosed inland body of water in the world. The Caspian Sea is significant for Azerbaijan's economy, particularly in oil and gas production. Additionally, the country's coastline features several bays and inlets, including the Baku Bay, which is part of the Caspian Sea. There are no other major oceans or seas directly bordering Azerbaijan.
The main product of Azerbaijan is oil, which has been a significant driver of its economy since the late 19th century. The country is rich in hydrocarbon resources, and its oil and gas sector accounts for a substantial portion of its GDP and export revenues. In addition to oil, Azerbaijan also produces natural gas, cotton, fruits, and vegetables. The diversification of its economy is ongoing, aiming to reduce reliance on oil and gas in the long term.
The dispute led Azerbaijan to cut off needed supplies of fuel and other resources to Armenia. The economy of both countries has been seriously hurt by this conflict :D This Was On My Book lol :D
Opposite of Market Economy
It has a market economy. BUT IT WAS a command economy
a type of economy that is very sincitiv in a matter of time
market economy
market economy
market economy