Compare the four different types of industrial structures
What will be an ideal response?
The four different types of industrial structures are subsistence economies, raw material exporting economies, emerging economies, and industrial economies. In a subsistence economy, most people work in simple agriculture and consume most of their output. Most people barter for simple goods and services. Unlike subsistence economies, raw material exporting economies are rich in one or more natural resources such as copper, oil, or coffee. However, these countries are poor in other ways, lacking a strong middle class. An emerging economy is industrializing, with fast growth coming from manufacturing. These countries typically have a new upper class and a small but growing middle class. Industrial economies are the major exporters of manufactured goods and services. They have varied economic activities and large middle classes.
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a. True b. False Indicate whether the statement is true or false
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A report appendix must include all items referred to but not displayed in the report body
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