Afghanistan has a primitive type of economy dependent on agriculture, the illegal opium trade and foreign aid. Though its abundance of natural resources such as natural gas, petroleum and many types of minerals has the potential to make it a wealthy nation, due to decades of war, little infrastructure exists with which to exploit this abundance.What type of economic system does Afghanistan have?
Afghanistan has a controlled economic system in which the central government directs the economy regarding the production and distribution of goods. Afghanistan is a member of the South Asian Association for Regional Cooperation (SAARC).What makes Afghanistan a developing country?
Afghanistan As A Developing Country. Activities have encompassed supplies or manufacture of essential construction materials for sale through existing markets, establishment of workshops to make components (pipes, pumps) for infrastructure, as well as direct support for the rehabilitation of basic infrastructure or repairs to community facilities, and the provision of crisis relief.What is Afghanistans economy?
Economy of Afghanistan. Eventually, Afghanistan went from a traditional economy to a centrally planned economy up until 2002 when it was replaced by a free market economy. Gross domestic product has fallen substantially since the 1980s due to disruption of trade and transport as well as loss of labor and capital.