Nigeria
The type of economic system Nigeria has
What is mixed economy
The type of economy that this country has
What is mixed economy?
One of the biggest weaknesses in Kenya is caused by the lack of education of its young people.
What is high unemployment?
A tax placed on goods coming into a country.
What is a tariff?
The training and skills a worker has to produce a good or service.
What is human capital?
The main natural resource for this country?
What is oil?
The main natural resources for this countries are
Because of ___________ in Kenya’s government, laws meant to protect businesses are not always fairly enforced.
What is corruption?
A limit on the amount of a foreign good that can be imported
Durable goods used in the production of goods.
What are capital goods?
If Nigeria invested in universal schooling (free middle/high school) this would be an improvement in this factor of production
What is human capital?
South Africa is the most________ leaning economy compared to the other African countries.
What is market?
Several industries including banking, electricity, mining, and oil refining are ________ owned.
A cessation of trade between two countries.
What is embargo?
This term has expanded recently to include not only roads, water, and electricity but also internet connectivity and speed.
What is infrastructure?
The country is beginning to encourage entrepreneurship, but the government still controls oil and this other industry.
What is agriculture?
The factor of production being supported based on South Africa investing in roads, airports, and seaports
What is capital goods?
Kenya's main industries (give at least one)
What is banking, transportation ,and/or communication?
In order for countries to trade, a _______________ must exist.
What is system of currency exchange?
The products a country makes best and that are in demand on the world market
What is specialization?
One of the things hindering Nigeria's economic prosperity is government__________
What is corruption?
The effects of ________ still linger in South Africa and affect the stability of its economic system.
What is apartheid?
Kenya’s agriculture industry has suffered from____________
What is drought?
A type of economy in which decisions about economic production are driven by supply and demand
What is market economy?
How well or how poorly a person or group of people live in terms of having their needs and wants met; impacted by literacy rate
What is Standard of Living?