Considering industrial structures, the economies whose majority of people belongs to agricultural business are classified as?
Correct answer: D. subsistence economies
- A. emerging economies
- B. industrial economies
- C. raw material exporting economies
- D. subsistence economies
Explanation
Subsistence economies depend mainly on agriculture and have limited industrial development, so most people earn their livelihood from farming. Raw-material-exporting economies are defined by mineral or other resource exports instead.
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