South Africa has a diversified economy. This means that . A. most people farm a single crop, and if the crop fails, the economy fails B. the economy is based in many sectors, including services, manufacturing, and agriculture C. mining is the most important industry D. the economy is shifting from an agricultural to an industrial economy

Option B

Explanation:

In simple words, a diversified economy refers to the economic infrastructure of  a nation under which the resources are allocated to a variety of sectors. Such kinds of economies decreases the risk of the economic failure as the overall structure is not dependent on one or two sectors only.

A diversified economy does not mean the resources will be allocated to all sectors equally. However, the problem with such economies is that they might not give the required resources to their most important sector.

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