Mali By: Makenzie Wozniak, Kaiti Wanta, Alex Kroll SKzHtg
Natural Resources Bauxite, copper, diamonds, gold, granite, gypsum, iron ore, kaolin, limestone, lithium, manganese, phosphates, salt, silver, zinc, uranium, cotton
Production Of Resources Natural- -farming: most people make a living in Make two types of crops Capital- Mali used human and capital resources to mine gold Gold is a main factor of income for the country as a whole
Labor Resources Includes: Armed forces Unemployed First time job seekers Ages 15 years or older Satisfies the International Labour Organization
Short Supply When running out of water or electricity Look for help from ICRC to provide fuel for power ICRC-International Committee of the Red Cross 3 rd world country-receive help from other countries with supplies in need
Entrepreneurial Resources Produits du Sud- harvests gums from trees and exports them to Europe to be used in cosmetics and baked goods Payments to farmers have increased from $17,000 to $1,000,000 in four years This allows them to trade and gain prosperity even though they are an underprivileged country Other entrepreneurs produce crops
Economy Type Presidential Republic Largely based on agriculture Poorest nations Malians - farming -herding -fishing
Business Relations
Market Economy They trade and invest with other countries Agreement with United States to trade and invest Exports: gold, arts, and antiques Imports: machinery, fats and oils, and communication equipment