It is important for Latin America to diversify it's economy because for one thing, L.A. wouldn't have to take the risks of a failed business by relying on one crop or resource. Another reason is that more diverse crops or resources brings in a steady amount of money with varied products, and L.A. would be taking their chances by just relying on one crop/resources.
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GDP commom method of measuring economic development .GDP Refers to the monetary value of goods and services produced within the boundaries of a country period of a time.
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<h3>Rural and urban settlements are interdependent by : -Economic activities of rural agriculture,livestock,fishing serve as the raw materials for vast segments of industries established in urban areas. -development in urban areas in terms of better roads,railways has helped in connecting many rural areas with urban areas.</h3>
