Could someone please give me their own definition of Economic Diversity?
I am not that old, only in middle school, but we learned about economic diversity last year. It is when a country relies on more than one export of good to help it’s economy. When Venezuela’s economy fell because the price of oil dropped dramatically, if they had any economic diversity than they would not have been in such a peril as they were. They only relied on one export: oil. That is not economic diversity. You need more than one export to be economically diverse.
