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Which is a major problem with Africa's export economy?

a. African businesses have to compete with each other
b. Raw materials earn less profit than finished goods.
c. Export economies lead to quick industrialization
d. Africa relies too much on import tariffs

Respuesta :

Raw materials earn less profit than finished goods.

   

The raw materials in the African export economy are less profitable than the finished goods.

What is an export economy?

An economy, which depends heavily on the exports it makes throughout the year, is an export economy. Africa is rich in minerals and resources and is a big market of export economy.

However, the profits earned by raw materials is very less compared to the finished goods, as they do not add to the value of the produced goods.

Hence, option B holds true regarding the export economy of Africa.

Learn more about export economy here:

https://brainly.com/question/478830

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