KENYA
What percentage of Kenya’s economy is a command economy?
50
What percentage of South Africa’s economy is Command?
35%
When was oil discovered in Nigeria?
1970
When a country is able to produce all that it needs to survive we sat that that country is?
Self-sustaining
What percentage of Kenya’s economy is a free market?
50
Name the issues that are a part of the struggles of Kenya economic system
(corruption, bribery, laws being poorly enforced)
In what year Apartheid end ?
1990
What percentage of Nigeria’s economy is command?
40%
Trade between countries can be successful when it is ___ and ______
Mutually beneficial and voluntary.
What percentage OF South Africa’s economy is market?
65%
Complete the sentence Kenya is the banking, communication and __ hub of East Africa
Transportation
What event Saw the South African government making segregation laws that severely affected the country?
Apartheid
Name the two most important industries in Nigeria that the government controls ?
Agriculture and oil
One advantage of specialization within countries?
Increase profit/revenue, creates partnership, encourages trade
What percentage Nigeria’s economy is free market?
60%
Kenya specializes in tea one of its top trading partner is………
China, Uganda, Pakistan
South Africa specializes in gold two of it top trading partners are……
Saudia Arabia, Germany, China
If Nigeria is the top producer in oil name two of it top trading partners?
Spain, India, China
What is specialization?
Anything a country focuses on and produces well , anything a country is efficient at producing
True or false ? It makes financial sense for a country to produce everything that it is capable of producing.
False
What outside of coffee, flowers what other industry is key to economic growth in Kenya?
Tourism
Name any the two sectors or industries that the government controlled in South Africa?
Postal service, healthcare, Communication network
Nigeria struggles with issues such as?
Corruption, unemployment, unstable power supply
Two disadvantages of specialization?
Loss of jobs, loss of money if a country loses it demand or market, lack of development in other areas due to emphasis on areas of specialization
The exchange of goods or services between two countries is called ?
Trade