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How are the resources allocated in South Africa's Economic system?
South Africa has a capitalist economic system and resources are allocated based on who can buy them.
What was the main economic activity in west Africa?
it is festivals
What is the main economic activity of Africa?
Important Economic activities in Africa include commercial farming, mining, oil extraction, and nomadic herding.
What are natural resources that South Africa has in abundance?
Poverty
What East-Asian country has become increasingly active in purchasing and investing in the development of Africa's natural resources which it needs to fuel its own rapid economic growth?
China
How did European imperialism in Africa and Asia differ from one another?
Europeans sought economic gain from natural resources in Africa and consumer markets in Asia.
How did the Industrial Revolution change Europe's view of the economic worth of Africa's natural resources?
It increased it.
What are the economic gains of central Africa?
cheap over powering labor and many natural resources
Why did Europeans view Africa as an opportunity to spread imperialism?
Africa had many Natural Resources
What are three most important kinds of natural resources in Africa?
Three important natural resources in Africa are minerals (such as gold, diamonds, and copper), oil and gas, and agricultural land. These resources are crucial for the economic development of the continent and play a significant role in shaping its geopolitics.
How are the resources allocated in South Africa's Economic system?
South Africa has a capitalist economic system and resources are allocated based on who can buy them.
Which is true about Africa National economic policies are the same throughout the countryApartheid is the official policy of Africa or Natural resources vary widely across the continent?
Natural resources vary widely across the continent - Apex
What was the economic motive to take colonies in Africa?
Africa was full of land to farm and natural resources such as gems and precious metals. This would obviously drastically affect economics.
What Natural resources does Africa have?
Africa has a wide variety of natural resources such as African oil, ores, fresh water, and ocean.
What was the main economic activity in west Africa?
it is festivals
Which parts of africa have little or no economic activity?
Sahara in Africa has practically no economic activity. Sahara covers a few African nations. It is merely a large sea of dessert.
Why do the natural resources affect Africa?
Natural resources in Africa can either be a blessing or a curse. While they have the potential to drive economic development, they often lead to corruption, conflict, and environmental degradation. Additionally, dependency on a few key resources can make African economies vulnerable to fluctuations in global markets.
