Question

Can someone please help me?

The questions is: Suggest one of the disadvantages of being a single export country.

I just don't understand what they mean by the term "single export country". It will also be helpful if you could give me some brief points explaining the disadvantages and I can then further explain them in my work. Thank you :)

Answer 1

Disadvantages of Exports

Fluctuation in foreign exchange rate. ...

Economic conditions in importing country. ...

Political conditions in importing country. ...

Change in regulation in importing country. ...

Rivalry between nations. ...

Socio barriers. ...

Higher working capital requirement. ...

Credit risk.