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What is the definition for single product economy?
A single product economy is a system that is based on one saleable item. For instance, the province of Newfoundland depends primarily on fishing for income. If the single market collapses, it can bring disaster.
What is the problem with a single product economy and what can be done to help?
sauce
What is The single most important measure of the economy's overall economic performance?
Gross Domestic Product (GDP)
What is the difference between mono product economy and import oriented economy?
Describe Nigeria's economy as Mono-product and import oriented economy
How can a single product economy be unstable?
If other business across the world has competition. Written by Darwin who lives in st.croix in Mrs.perez class
What is the definition for single product economy?
A single product economy is a system that is based on one saleable item. For instance, the province of Newfoundland depends primarily on fishing for income. If the single market collapses, it can bring disaster.
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 is the problem with a single product economy and what can be done to help?
sauce
Deffine single product economy?
When something is being sold only in that place not anywhere else.
What is The single most important measure of the economy's overall economic performance?
Gross Domestic Product (GDP)
What is the difference between mono product economy and import oriented economy?
Describe Nigeria's economy as Mono-product and import oriented economy
How can a single product economy be unstable?
If other business across the world has competition. Written by Darwin who lives in st.croix in Mrs.perez class
What is a single economy?
single economy is such a markt where only one saler and one buyer.
What is a one crop economy?
Economy based on a single crop, such as bananas, sugarcone or cacao.
What is single-crop economy?
An economy based on one crop.
What is mono cultural economy?
An economy that depends primarily on one product.
What is formal economy?
A formal economy is an official economy, as recognized by the government and baised on paid employment
