Meaning Single Product Economy
What does Single Product Economy mean? Here you find 2 meanings of the word Single Product Economy. You can also add a definition of Single Product Economy yourself

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Single Product Economy


a country (usually LEDC) which relies on one, or a very small number, of products (usually raw materials) for its export earnings. e.g. Zambia, copper makes up 98% of its exports; Uganda, 95% coffee b [..]
Source: geographyfieldwork.com

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Single Product Economy


Single product economy is where a country produces one product (primary products) with no value added for export
Owusu Richard Frimpo - 5 August 2020

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