Oil
Cotton
Fish
Textiles
High literacy rates
High unemployment rates
No trading partners
Too much government control
To have foreign money
To use American dollars to trade
To make more money by trading currencies
To buy and sell goods and services with other countries
People’s income.
Imported goods.
Renewable resources.
People’s property.
Quota on Egyptian cotton sheets
Tariff on Nigerian oil
The Sahara desert
Embargo on South Africa
It encourages specialization which means more profit.
It puts strict tariffs in place.
It involves many government regulations.
It sets high prices on imports.
Education
Roads
Factories
Machinery
What to produce?
How to produce?
How much to produce?
For whom to produce?
Nigeria
Botswana
South Africa
Sudan
Good
Natural resource
Free enterprise
Service
Traditional
Command
Market
Mixed
Oil production
textiles
Meat processing
Gold and diamond mining
South Africa refused to participate in international trade.
They were holding out for better oil deals.
South Africa needed to lower the price of its gold and diamonds.
They wanted South Africa to end its apartheid system.
Embargo
Tariff
Quota
Opportunity Cost
Traditional
Command
Market
Mixed
Congo
South Africa
South Sudan
Ghana
Education
Agriculture
Communications technology
Oil production
Migrating to big cities
Education and prevention
Having less children
Investing in capital goods
malnutrition
poor food distribution and poverty
overpopulation
farmers using insecticides
Poverty
Desertification
AIDS
Malaria
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