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Natali [406]
3 years ago
5

What is the major economic activity of Uruguay ?

Social Studies
1 answer:
goldfiish [28.3K]3 years ago
8 0

Economy of Uruguay. agriculture: 13%; industry: 14%; services: 73% (2010 est.) All values, unless otherwise stated, are in US dollars. The economy of Uruguay is characterized by an export-oriented agricultural sector and a well-educated work force, along with high levels of social spending.

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Over time, with changes in the demand for loanable funds and the supply of loanable funds change the real interest rate will occur. The interest rates will increase with the increase in demand and decrease with increase in supply.

Loanable funds is the sum total of all the money people and entities in an economy have decided to save and lend to borrowers as an investment rather than personal use.

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Central banks can manipulate the interest rates to influence the economy.

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