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Question
a reason many african nations struggle economically is because they rely on a skilled workforce. count on many exports. have a small amount of debt. depend on a single export.
Brief Explanations
- Relying on a skilled workforce would generally be an economic advantage, not a struggle factor.
- Counting on many exports (diverse exports) can be beneficial as it spreads risk.
- Having a small amount of debt is better for an economy compared to high debt.
- Depending on a single export makes an economy vulnerable. If the price of that single export drops (due to market fluctuations, new competitors, etc.), or if there are production issues (natural disasters affecting the crop/mineral source), the whole economy suffers as there are no other significant export - based income streams to buffer the impact.
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depend on a single export.