A characteristic feature of many African economies is the dominance of a single or small number of commodities, which has been termed one-product economies. The disadvantage of economies based on a single commodity or only a few commodities is that ___

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the international Competition Commission is against these one-product economies.

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the IMF imposes higher tax charges on one-product economies as it prefers a diverse portfolio of products.

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they are vulnerable to fluctuations in world commodity prices, and fluctuations can have serious economic and social implications for the country and people.

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the one-product commodity can significantly improve an economy of the country regardless.

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A characteristic feature of many African economies is the dominance of a single ...

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