An import oriented economy is one where imports dominate trade. This means that exports are not possible or are not close to the import rate. Such an economy will reap the problems of high debt & what that brings on. Normally it will hurt the economy greatly.
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Describe Nigeria's economy as Mono-product and import oriented economy
It facilitates peace, advances the country in terms of technology, unites the countries involved and enlightens both countries about their culture and traditions.
The economy is going down. Agriculture is their number one import
Latin America is a region composed of many countries. As such, each individual country has a different kind of government and economy. Some examples include:Mexico: Federal Republic; Export-oriented economyCuba: Communist State; tourism-oriented economyBrazil: Federal Republic; resource-oriented economy
export percentage is:- 16%