How different resources affect conomy in green land?
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The economy of Greenland can be characterized as small, mixed and vulnerable.[4] Greenland's economy consists of a big public sector and comprehensive[clarification needed] foreign trade. This has resulted in an economy with periods of strong growth, considerable inflation, unemployment problems and extreme dependence on capital inflow from Denmarkand on outside, mainly Danish, skilled labor.
The economy of Greenland can be characterized as small, mixed and vulnerable.[4] Greenland's economy consists of a big public sector and comprehensive[clarification needed] foreign trade. This has resulted in an economy with periods of strong growth, considerable inflation, unemployment problems and extreme dependence on capital inflow from Denmarkand on outside, mainly Danish, skilled labor.
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Greenland is rich in natural resources including iron ore, lead, zinc, diamonds, gold, rare-earth elements, uranium, oil and natural gas.
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