Question

How are the economies of South Africa and Nigeria different from each other?

Answer 1

Answer:

I wrote this for mine:

Nigeria is a mixed developing economy with the GDP of $2,400 per person. Most people are farmers and involved in agriculture. Less than 10% work in service industries with oil resources being controlled by government. South Africa is an emerging market economy, meaning economy is becoming more advanced and income is growing. South Africa is the wealthiest nation in Africa with the GDP of $10,700 per person. It has a diversified economy with 65% services and 26% industry. Mining is very important to the country but does not represent much of the industry. It is also made up of 9% agriculture.

This is all made up of notes I wrote from the Social Studies lecture I had on Edg, so all the information is from there.

Answer 2

The economies are different because that of Nige-ria is based on oil as it's major export while that of South Afr-ica has an advanced infrastructure with mining the major export commodity.

How are the economies of the countries different?

In Nige-ria, it follows that vast majority of government revenue is obtained from oil exploration and noteworthy is the fact that, a considerable percent of the population live below poverty line.

The country, South Afri-ca operates a highly developed economy with advanced infrastructure in place and has it's major export goods to include, Gold, Platinum among other resources obtained by mining.

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