Question

South Africa has an emerging market economy. This means that its economy is __________.

A.

growing quickly and becoming more advanced
B.

growing too slowly
C.

based on agriculture
D.

based on mining

Answer 1

the answer is A. growing quickly and becoming more advanced

Because bottom text

Answer 2

The first alternative is correct (A).

Emerging economies are those that are in a rapidly developing stage. This is because these economies have adopted the market regime later on and so their potential for growth in the face of trade liberalization is considered larger than traditional market economies.

Emerging economies are considered, besides South Africa, Brazil, India, China and Russia.