what is banana republic
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Answer:
a small state that is politically unstable as a result of the domination of its economy by a single export controlled by foreign capital.
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The Banana Republic is a term used to describe a country whose economy based on one crop.
Explanation:
- For the first time, the term Banana Republics was given by William Sydney Porter in 1901.
- He coined the term to describe Honduras and other neighbouring countries under exploitation by America corporations.
- Honduras and other neighbouring nations were growing one crop like a banana which was part of the entire economy.
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What is a banana republic
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