6. In recent times, developing countries that are predominantly agriculture oriented are searching for ways of diversifying their economies. Many of these countries strive to exploit the available solid mineral deposits in their land as a means of promoting industrialization. In view of the above statement,
(a) define the term;
(i) industrialization; (ii) mineral resources.
(b) apart from promoting industrialization, identify any three benefits of exploiting mineral deposits.
(c) Outline any three benefits of industrialization to a developing country.
(a) Define Central Bank.
(b) Outline three ways in which the Central Bank of a country can reduce money supply.
(c) Explain how the Central Bank plays its role as:
(i) banker to the government; (ii) banker to commercial banks; (iii)lender of last resort.
(a) Define economic development.
(b) Highlight any three characteristics of a developing nation.
(c) Explain any three measures a country can adopt to facilitate economic development.