What type of economy does Zambia have?

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2026-08-20 07:50

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Zambia has a mixed economy that incorporates elements of both market and planned economies. The country relies heavily on its mining sector, particularly copper, which is a significant source of export revenue. Agriculture also plays a vital role in the economy, employing a large portion of the population. However, Zambia faces challenges such as high levels of poverty and economic inequality, which affect overall economic development.

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