Which pair of emerging markets have enjoyed economic growth based mainly on exploiting natural resources?

1 answer:

6 0

Brazil and Russia have pair of emerging markets that have enjoyed economic growth based mainly on exploiting natural resources.

An emerging market is a market that has some characteristics of an evolved marketplace, however, does no longer fully meet its standards. This includes markets that could turn out to be evolved markets within the future or have been in the beyond.

Economic growth may be described as the growth or development inside the inflation-adjusted market fee of the goods and offerings produced by means of an economic system over a sure period of time. Statisticians conventionally measure such a boom because the percent price of the boom is within the real gross home product or actual GDP.

The exploitation of natural resources is the usage of natural assets for monetary growth, from time to time with a bad connotation of accompanying environmental degradation.

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