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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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What is the difference between mono product economy and import oriented economy?
Describe Nigeria's economy as Mono-product and import oriented economy
What are the Advantages of 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.
What is the role of agriculture in the Italian economy today?
The economy is going down. Agriculture is their number one import
What can be said about the current economy and government of Latin America?
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
What is the import and export percentage of total economy in India.?
export percentage is:- 16%
What is the difference between mono product economy and import oriented economy?
Describe Nigeria's economy as Mono-product and import oriented economy
Meaning of import oriented?
Import oriented
What is a problem that prevents Africa from being able?
problems w immigration import oriented economy lack of infrustructure
What are the Advantages of 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.
What are the advantages of an 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.
What is a closed economy?
An economy that does not import or export goods
What was the import and export economy of the Spanish colonies?
The import economy of the Spanish colonies was sugar, molasses, and slaves. The export economy was rice, tobacco, and rum.
Reasons why we should practice import oriented economy?
A high level of imports indicates robust domestic demand and a growing economy. If these imports are mainly productive assets, such as machinery and equipment, this is even more favorable for a country since productive assets will improve the economy's productivity over the long run.
How does Brazil's economy work?
Global Market , Capitalism oriented
What describes the import and export economy of the Spanish colonies?
banku
What is the role of agriculture in the Italian economy today?
The economy is going down. Agriculture is their number one import
What can be said about the current economy and government of Latin America?
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
