It shortened the travel time and distance and improved trade.
<span>The favorable environment and climate.
Hope this helps!</span>
It is important because it does not balance on a yearly basis, but rather on economy cycles. This means that budget deficits and surpluses are accounted for in the budget according to what economic cycle the country is in. That's why the definition of surplus and deficit changes depending on how successful the economy is.
A massive topic for this could be oil. You could talk about OPEC and the different types of technologies involved
