Dependence on agricultural production, Microeconomics

Dependence on agricultural production:

Dependence on agricultural production and primary product for exports. The external sector comprises Imports and Exports, Ghana shows dependence on a single crop, Cocoa, for export. In Ghana, the major exports including cocoa account for about 60 per cent of the total foreign exchange earnings of the country. Minerals in general earn on the average about 15 per cent of our total foreign exchange earnings. Normally, primary products in LDCs account for between 80-90% of export earnings but in the developed countries it is about 35 per cent. In Ghana, the primary sector accounts for on the average, about 80 per cent of our foreign exchange earnings implying that Ghana is more of a developing country than a developed country.

Posted Date: 1/3/2013 1:04:23 AM | Location : United States







Related Discussions:- Dependence on agricultural production, Assignment Help, Ask Question on Dependence on agricultural production, Get Answer, Expert's Help, Dependence on agricultural production Discussions

Write discussion on Dependence on agricultural production
Your posts are moderated
Related Questions
Answer the following question Focus on Real Estate Development Normal 0 false false false EN-IN X-NONE X-NONE

graphical illustrations describing the influence of an increase in immigrants on the market supply of labour


What is the Adam smith view of "invisible Hand"?  Invisible hand is an unknown power which is working for the interest of total economy. In any economy, everybody cares for his

I have an online test which needs to be done on 60 min, would this website be able to take it with me? like to be available for 60 min answering the multiple choice questions with


Q. What do you meant by Payroll Tax? Payroll Tax:A tax which is levied on current employment or payrolls (collected either as a fixed amount per employee or as a percentage of

under which market structure does the banking sector fall?

1. Consider an individual facing a wage rate w . There's a total of 100 hours available for work or leisure in a week. (a) Represent his budget constraint graphically (b)

Q. Explain about Natural Monopoly? Natural Monopoly: In some industries, economies of scale are so strong that it makes most economic sense for there to be just one supplier. T