fluctuation. Discuss
2006-09-01 05:18:19 · 3 answers · asked by gloria j babe 1 in Social Science ➔ Economics
Nigeria is a commodity-export-oriented economy (it sells oil, cocoa, and rubber to buy machinery, chemicals, and food). Since commodity prices are cyclical, so is the Nigerian economy. End of discussion.
2006-09-01 05:35:16 · answer #1 · answered by NC 7 · 0⤊ 0⤋
All economies are cyclical in nature. What does having abundant natural resources have to do with it?
2006-09-01 05:28:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
NIGERIA IS A AFRICAN COUNTRY AND I WILL REMEMBER U THAT NO AFRICAN COUNTRY IS HIGH EXCEPT VALGERIA BECAUSE IT EXPORTS RUBBER AND IT IS THE TOP IN RUBBER AS IT PRODUCE MORE THAN 56% OF RUBBER IN THE WORLD BUT IF U R TALKING ABOUT THERE ECONOMY ITS IS A WASTE COUNTRY ITS ECONOMY IS NOT GOOD BECAUSE THERRE WEATHER IS NOT SO NICE THEY WILL GOOD FOR THE FARMERS WHEN THEY WILL GET WINTER
2006-09-03 01:13:33 · answer #3 · answered by Xclusive 3 · 0⤊ 0⤋