Question

Because of it geography, New Zealand developed an economy that relies heavily on

Answer 1

New Zealand's geography, including fertile soils and a mild climate, has contributed to its economy, which relies heavily on agricultural exports. The country has also diversified into tourism and the utilization of natural resources. Hydroelectricity has played a crucial role in the economy.

Step-by-step explanation:

Geography's Impact on New Zealand's Economy:

The geography of New Zealand has had a significant impact on its economy. Due to its fertile soils, mild climate, and abundant sunshine, New Zealand has become a major player in agricultural production. Agricultural exports, such as wool, meat, and butter, have been important sources of revenue for the country. New Zealand has also diversified its economy into other areas, including tourism and the exploitation of natural resources like natural gas. Additionally, the development of hydroelectricity has played a vital role in the economy.

Answer 2

New Zealand has an open economy that works on free market principles. It has sizeable manufacturing and service sectors complementing a highly-efficient agricultural sector. Exports of goods and services account for around one third of real expenditure GDP. I hope this helps