Sierra Leone and Tanzania
An industrial economy is based on mining or producing raw materials to be used in foreign industries.
Yes, it is called an extractive economy
Unstable and dependent on selling raw materials
True
Sierra Leone and Tanzania
An industrial economy is based on mining or producing raw materials to be used in foreign industries.
At present, the African economy is based on commodities and raw materials. Components of its economy include industry, agriculture, and trade.
An industrial economy is based on mining or producing raw materials to be used in foreign industries.
An industrial economy is based on mining or producing raw materials to be used in foreign industries.
An industrial economy is based on mining or producing raw materials to be used in foreign industries.
The advantage of the indigenization program in Nigeria is that oil is a very strong export good, leading to a stronger economy. The disadvantage is that the economy is only based upon one exporting product, and should that product not sell, the economy will get weaker.
Yes, it is called an extractive economy
An industrial economy is based on mining or producing raw materials to be used in foreign industries.
Export based Unstable Dependent on selling raw materials
Raw materials (oil, gas, copper, silver).
Unstable and dependent on selling raw materials