Question

Why might a country choose to diversify its economy

Answer 1

To minimize risk

Step-by-step explanation:

If you diversify a county it can minimize risk because you could get more food imported so you wouldn't have to worry about limited food.

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Answer 2

economic development

Step-by-step explanation: Economic diversification is a key element of economic development in which a country moves to a more diverse pro- duction and trade structure. A lack of economic diversification is often associated with increased vulnerability to external shocks that can undermine prospects for longer-term economic growth.