Name 3 Disadvantages of diversifying the local economy and revaaluate the role of the private sector.
1 answer:
The answer to the given question is explained as follows:
It discusses the disadvantages of a local economy whose diversity plays a vital role in private sector.
Local economy is diversified by shifting it from single income source to various income sources.
The disadvantages include,
bad investment vehicles
Reduces quality
Market risks
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