Question

what are the various diversities in the area of economic activities​

Answer 1

Formal diversity

banks local &foreign investors e wallet.

Informal diversity

friends relatives money lender

market etc

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Answer 2

The various diversities in the area of economic activities are :

● Cultural diversity in a nation leads to societal instability, the societal instability may not only be affected by within nation or diversity but also diversity between a nation and it's neighbors.

● We also have different diversities like religion, linguistic, ethnic. Linguistic and diversity has a negative effect on the economic performance for instance as we show that it is largely through this economic mechanism that it affects societal instability.

● The higher the linguistic diversity among nations in region the less stable the nation.

● Nations which differs linguistically from their neighbors are also less stable, however, religious diversity between neighboring nations has the opposite effect, reducing the societal instability.

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