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Sagot :
Lack of rain could result in farmers losing their harvest. As a result, rather than being dependent on the welfare of another entity, there is economic dependence on something occurring, such as rainfall.
What does it mean to be financially independent?
In terms of equality policy, a person is deemed economically independent if their net income level from work and business activities is at least equal to or more than what would be regarded their individual minimum income.
How can economic dependence be overcome?
The heavy economic dependence on natural resources is thought to have a long-term answer in the form of economic diversification. Economic dependence on natural resources can be decreased by both private sector development and public sector reforms, even though this diversification can occur in any area of the economy.
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