answersLogoWhite

0

What is an extractive economy?

Updated: 4/28/2022
User Avatar

Wiki User

15y ago

Best Answer

"A resource-based economy, dependant on harvesting or extracting Natural Resources for sale or trade."

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is an extractive economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is an economy that is based on mining or producing raw materials to be used in foreign industries called an extractive economy?

Yes, it is called an extractive economy


When was Extractive Industries Transparency Initiative created?

Extractive Industries Transparency Initiative was created in 2002.


What are examples of extractive industry?

farming,mining,lumbering,hunting,fishing are some examples of extractive industry.


What were some important things of the colonial economy of Mexico?

It was a colonial economy, meaning the industries it possessed were basically extractive (mines, plantations, haciendas); also most investment was made on infrastructure that allowed to export those products to Spain, such as roads and ports.


Why corrosion is reverse of extractive metallurgy?

Corrosion is the natural process of degrading metal structures due to chemical reactions with the environment, leading to loss of material and deterioration. Extractive metallurgy, on the other hand, involves obtaining pure metals from ores through various chemical and physical processes. In corrosion, metals return to their more stable form as oxides or salts, representing a reversal of the extraction process in metallurgy.


What are the examples of extractive industry?

farming,mining,lumbering,hunting,fishing are some examples of extractive industry.


What is extractive production?

it is where the raw material is made.


What is potatoes grown in farm-extractive industry?

9


Definition of extractive industry?

the industry that involes mining


What is extractive or primary production?

it is where the raw material is made.


What are non-extractive resources?

the resources which aren't to be extracted


What are 4 types of industries?

extractive,primary,secondary,tertiary