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An economy that depends primarily on one product.

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Q: What is mono cultural economy?
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Related questions

What is the difference between mono product economy and import oriented economy?

Describe Nigeria's economy as Mono-product and import oriented economy


What is a mono economy?

a mono-economy is a economy relying on one major export or natural resource to bring most of the currency into the country.


What are the Effect of mono economy?

A mono economy refers to an economy heavily dependent on a single industry or sector. The effects of a mono economy include vulnerability to fluctuations in that industry, lack of diversification leading to economic instability, and limited opportunities for growth and development in other sectors. Additionally, a mono economy can hinder innovation and resilience in the face of external shocks.


Does Nigeria practice mono economy?

yes


What is mono economy?

It refers to an economy, a national economy, which relies almost exclusively on the production and export of a single product


What are the disadvantages of mono economy?

A mono economy, or an economy heavily dependent on a single industry or sector, can be vulnerable to fluctuations in that industry. If the industry experiences a downturn, it can have a significant negative impact on the entire economy. Additionally, a mono economy may lack diversification, which can limit opportunities for growth and innovation. Furthermore, reliance on a single industry can lead to income inequality and limited job prospects for individuals outside of that industry.


Is US and Canada mono cultural?

No very far from it. Many Many cultures make up our countries.


What socio-cultural factors that affect child birth?

socio cultural statuses of an individual, wages, unemployment and economy


What help did China require to improve its economy after the cultural Revolution?

Money


What has the author Joy R Faulkner written?

Joy R. Faulkner has written: 'The social, emotional and scholastic adjustment of indigenous western children in a mono-cultural school situation and in a multi-cultural school situation'


What would the national economic development authority director do to solve the unfavorable balance of payments?

There exists nothing to do at least for now in that Nigerias' economy is a mono culture economy,which is the bedrock of all corrupt practices.


List four thing that can effect the population?

* Economy * War * Weather * Disease There are some others such as Government (political interference), change in demographics (social and cultural differences), etc.* Economy * War * Weather * Disease There are some others such as Government (political interference), change in demographics (social and cultural differences), etc.* Economy * War * Weather * Disease There are some others such as Government (political interference), change in demographics (social and cultural differences), etc.* Economy * War * Weather * Disease There are some others such as Government (political interference), change in demographics (social and cultural differences), etc.* Economy * War * Weather * Disease There are some others such as Government (political interference), change in demographics (social and cultural differences), etc.* Economy * War * Weather * Disease There are some others such as Government (political interference), change in demographics (social and cultural differences), etc.